Interagro’s owner counting on exports to liquidate stocks

Ioan Niculae, owner of the Interagro company, is counting on increasingly higher foreign player production costs in order to sell his chemical fertilizer stocks, stored in the company’s six chemical complexes since the beginning of the year.
The businessman told Business Standard that he hopes to liquidate his large stocks by exporting to countries such as India and Pakistan, two markets he could not enter before, due to far lower costs for other competitors.

Russia, a major player on this market, is currently registering higher costs than in previous years on the logistics segment. “It is difficult to compete on exports with countries such as the United States, where producers pay some $116 for 1,000 cubic meters of natural gas, while we pay Romgaz some $152,” said Niculae.