EuroChem Plans To Ramp up Production by 2017

AG Professional reported that Russian fertilizer producer EuroChem is intending to ramp up production at two mines by 2017, despite reluctance from some others in the industry due to a fear of a future glut.

As quoted in the AG Professional report:

We take a long-term view that demand for potash will resume,” EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. “We see that playing out, maybe not this year (or) next year, but we take a 10-, 20-year view.

To view the whole AG Professional report, click here.