--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200626-domestic-market-is-a-top-priority-for-russian-chemical-companies/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Domestic market is a top-priority for Russian chemical companies Publication Date: 2020-06-26T09:00:41-04:00 Last Updated: 2020-06-28T15:22:20-04:00 Author: Dmitry Savinsky (https://www.fertilizerdaily.com/author/dsavinsky/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Domestic market is a top-priority for Russian chemical companies](https://www.fertilizerdaily.com/wp-content/uploads/2020/06/DSC4473.jpg) If there is demand, there will be supply. President of the Russian Fertilizer Producers Association (RFPA) and PhosAgro CEO Andrey Guryev said that RFPA’s companies need to make large-scale investments to provide Russian agriculture organizations and farmers with agrochemicals. “To provide Russian farmers with agrochemicals and to maintain competitiveness in international markets, RFPA’s enterprises need to invest over a trillion rubles (about $14.4 billion) in agriculture productions,” Andrey Guryev emphasized. He also noted that the favorable investment conditions are the key to the effectiveness of large-scale capital investments. Nowadays, Russian chemical companies fully satisfy the domestic demand for mineral fertilizers. Domestic farmers increased supplies of fertilizers by 14.5% to 9.5 million tons in 2019, which is a record value over the last 20 years. As of mid-June 2020, the companies have already supplied more than 65% of the estimated annual demand for mineral fertilizers. That corresponds to a 20% growth in purchase compared to the same period last year. “As a result of continuous work to improve efficiency and focus on innovations and the environment, Russian fertilizers are highly demanded in more than a hundred countries of the world. The domestic market will always be our strategic priority and the largest individual market in terms of sales volumes for our products,” said Andrey Guryev. Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/), [Russian Fertilizer Producers Association](https://www.fertilizerdaily.com/tag/russian-fertilizer-producers-association/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.