OREANDA-NEWS. November 2, 2012. PhosAgro (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces its production update for the nine months ended 30 September 2012. The Company increased phosphate-based fertiliser sales volumes for 9M 2012 by 7.2% year-on-year (y-o-y), while production of phosphate-based fertilisers for the same period increased by 6.3% y-o-y.

PhosAgro`s production and sales volumes for 9M 2012 are summarized in the tables below.

Production Volumes by type

(kmt)

9M 2012

9M 2011

Change y-o-y

Phosphate-based fertilisers

3,217.7

3,025.7

6.3%

Nitrogen-based fertilisers

787.2

697.6

12.8%

Apatit mine and beneficiation plant

6,635.9

6,508.5

2.0%

Other products

5,347.7

5,380.2

(0.6%)

Sales Volumes by type

(kmt)

9M 2012

9M 2011

Change y-o-y

Phosphate-based fertilisers

3,230.2

3,012.4

7.2%

Nitrogen-based fertilisers

787.8

698.1

12.8%

Apatit mine and beneficiation plant

3,311.7

3,102.0

6.8%

Other products

203.9

259.5

(21.4%)

Commenting on the 9M 2012 production results, PhosAgro CEO Maxim Volkov said: We continue to successfully execute our strategy of organic growth supported by flexible production and sales of our products. In the first nine months of 2012 we delivered 6.3% and 7.2% year-on-year growth in production and sales, respectively, of phosphate-based fertilisers, while also increasing production and sales volumes of nitrogen-based fertilisers and mining products. We maintained full utilisation of our production capacities during the first nine months of the year. Going forward, we will remain focused on further implementing our strategy, as well as on increasing the efficiency of our operations.

The table below provides a breakdown of production volumes by major product for 9M 2012:

Production Volumes

(kmt)

9M 2012

9M 2011

Change y-o-y

Apatit mine and beneficiation plant

Phosphate rock

5,846.8

5,762.2

1.5%

Nepheline concentrate

789.1

746.3

5.7%

Phosphate-based fertilisers

DAP/MAP

1,530.3

1,916.1

(20.1%)

NPK

1,256.9

831.6

51.1%

NPS

207.8

64.3

223.2%

APP

41.4

44.7

(7.4%)

MCP

181.3

168.9

7.3%

Nitrogen-based fertilisers

AN

241.3

356.4

(32.3%)

NP

65.1

0.0

-

Urea

480.8

341.2

40.9%

Other products

AlF3

19.5

18.0

8.3%

Ammonia

823.6

799.6

3.0%

Phosphoric acid

1,209.3

1,275.2

(5.2%)

Sulphuric acid

3,295.3

3,287.4

0.2%

The table below provides a breakdown of sales volumes by major product for 9M 2012:

Sales Volumes

(kmt)

9M 2012

9M 2011

Change y-o-y

Apatite mine and beneficiation plant

Phosphate rock

2,534.0

2,351.3

7.8%

Nepheline concentrate

777.7

750.7

3.6%

Phosphate-based fertilisers

DAP/MAP

1,517.6

1,937.0

(21.7%)

NPK

1,283.0

803.8

59.6%

NPS

209.7

64.6

224.6%

APP

34.3

37.3

(8.0%)

MCP

185.6

169.7

9.4%

Nitrogen-based fertilisers

AN

249.8

340.7

(26.7%)

NP

49.9

0.0

-

Urea

488.1

357.4

36.6%

Other products

AlF3

19.5

18.3

6.6%

Ammonia

69.5

117.6

(40.9%)

Phosphoric acid

7.1

9.8

(27.6%)

Sulphuric acid

107.8

113.8

(5.3%)