1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. PJSC PhosAgro
  6. News
  7. Summary
    PHOR   RU000A0JRKT8


End-of-day quote Moscow Micex - RTS  -  05-26
7292.00 RUB   -1.06%
05/27PHOSAGRO PJSC : PhosAgro Board of Directors Elects New Management Board
05/23Former Chairman of Russian Fertilizer Producer PhosAgro Transfers Stake to Wife
05/23PHOSAGRO PJSC : PhosAgro Has Been Notified of Change in Vladimir Litvinenko?s Stake in the Company?s Share Capital
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Public Joint Stock PhosAgro : PhosAgro and UN FAO Expand Cooperation on Protecting the Planet's Soil

12/09/2021 | 06:22am EDT
Rome - PhosAgro
and the Food and Agriculture Organisation of the United Nations (UN FAO) announced the expansion of their cooperation in global soil protection.

This agreement was reached following a meeting between PhosAgro CEO Andrey Guryev and Director General of the UN FAO Qu Dongyu at the organisation's headquarters in Rome.

The parties decided to extend their Cooperation Agreement until 2023 as part of a collaborative endeavour to enhance sustainable agriculture. To date, the FAO and PhosAgro have built a global network of 760 soil laboratories that span 150 countries. The parties are also developing the joint Soils Doctors project, which aims to educate farmers on efficient and environmentally friendly ways to manage land, as well as promote the use of best practices in compliance with the International Code of Conduct for Fertilizer Management.

For their new stage of cooperation, the FAO and PhosAgro plan to focus on solving the problem of soil contamination, including heavy metal pollution. Over the next two years, PhosAgro will provide another USD 1.2 million in funding for the initiative. As a result, by 2023, PhosAgro's total contribution to the project will reach USD 2.4 million.

In addition, starting next year, PhosAgro will join the FAO RECSOIL Global Soil Partnership (GSP) initiative, which focuses on organic soil carbon management and sequestration, critical in the fight against climate change.

PhosAgro also contributed USD 300,000 in funding for establishing a 'Russia Room' for official events at FAO headquarters. This initiative will showcase Russia's rising engagement in FAO activities, as well as the country's standing as a UN system partner in the field of sustainable development.

According to FAO CEO Qu Dongyu, soil health is the cornerstone for providing humanity with food and ecosystem services. Sustainable soil management is a key component of FAO's work to reform agri-food chains since it addresses people's requirements for safe and nutritious food. The relationship with PhosAgro, Qu Dongyu noted, will enable the organisation to scale up its efforts to improve soil health at all levels.

"Our collaboration with the FAO, which has become the gold standard for concentrating efforts in the fight against soil degradation around the world, will take on a new dimension: the implementation of solutions to eradicate hotspots of heavy metal pollution in soil. It is important that PhosAgro fertilizers are unique in that they are eco-efficient and do not contain hazardous levels of cadmium that could be harmful to human and soil health, meaning the Company contributes to solving soil pollution while ensuring food security in Russia and 102 other countries around the world," PhosAgro CEO Andrey Guryev commented on extending the partnership with the UN FAO.

Andrey Guryev recalled that in 2018, PhosAgro became the first Russian company ever to be selected to implement a global soil protection initiative: "This is a great honour and responsibility for us. This year we are celebrating our 20th anniversary. Throughout these 20 years, aspects of sustainable development have been the company's key priority. We embrace the UN FAO attitude and seek to create industry-leading quality and safety standards by offering our eco-efficient products to consumers on all inhabited continents."


OAO PhosAgro published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 11:21:03 UTC.

© Publicnow 2021
All news about PJSC PHOSAGRO
05/27PHOSAGRO PJSC : PhosAgro Board of Directors Elects New Management Board
05/23Former Chairman of Russian Fertilizer Producer PhosAgro Transfers Stake to Wife
05/23PHOSAGRO PJSC : PhosAgro Has Been Notified of Change in Vladimir Litvinenko?s Stake in the..
05/23Tatyana Litvinenko acquired 20.6% of stake in Public Joint-Stock Company PhosAgro from ..
05/19PhosAgro Wins Russian Regulatory Nod to Retain Depository Receipts Program on London Bo..
05/19PHOSAGRO PJSC : PhosAgro Received Permission to Maintain its Depositary Receipts Programme
04/29PJSC PHOSAGRO : PhosAgro Publishes 2021 Integrated Report
04/29PJSC PHOSAGRO : 2021 integrated report
04/29PHOSAGRO PJSC : PhosAgro Publishes 2021 Integrated Report
04/29PHOSAGRO PJSC : Notice on depositary receipts
More news
Financials (USD)
Sales 2022 7 655 M - -
Net income 2022 2 874 M - -
Net Debt 2022 1 989 M - -
P/E ratio 2022 -
Yield 2022 18,2%
Capitalization 13 979 M 13 979 M -
EV / Sales 2022 2,09x
EV / Sales 2023 3,11x
Nbr of Employees 25 174
Free-Float 35,4%
Duration : Period :
PJSC PhosAgro Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PJSC PHOSAGRO
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 2
Last Close Price 107,95 $
Average target price 50,61 $
Spread / Average Target -53,1%
EPS Revisions
Managers and Directors
Mikhail Konstantinovich Rybnikov Chief Executive Officer & Executive Director
Alexander Sharabaika Deputy CEO-Finance & International Projects
Sven Ombudstvedt Independent Director
Marcus James Rhodes Independent Non-Executive Director
James Beeland Rogers Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
PJSC PHOSAGRO25.01%13 979
ICL GROUP LTD25.96%14 535
UPL LIMITED1.36%7 327