Phosagro will freeze fertilizer prices until the end of October

by time news

Phosagro will freeze prices for mineral fertilizers of its own production at the current July level until the end of the autumn field work – by October 31, 2021, the company said.

On June 23, Uralchem ​​and Uralkali have already announced a freeze on fertilizer prices for Russian agricultural producers. Dmitry Konyaev, the head of the board of directors of Uralchem, said that Uralchem ​​and Uralkali will freeze prices for potash fertilizers and ammonium nitrate for Russian agricultural producers at the level of May 2021.

Since the beginning of the year, various types of fertilizers have risen in price by 30-70%, since July last year by 1.6-2 times, according to the data of the St. Petersburg International Commodity Exchange (SPIMEX).

As noted in the company, at present, on behalf of the First Deputy Prime Minister of the Russian Federation Andrei Belousov, the Ministry of Industry and Trade, the Ministry of Economic Development, the Ministry of Agriculture and the FAS of Russia have developed a methodology for determining the price availability of fertilizers for Russian farmers. As conceived by the developers, it will be implemented this year.

In turn, Deputy Prime Minister of the Russian Federation Viktoria Abramchenko, during a meeting on stabilizing prices for mineral fertilizers, said that other Russian fertilizer producers are ready to freeze prices for products for farmers in the current agricultural year. Fertilizer producers are also ready to provide a 5% discount for farmers, she said.

“Together with departments and businesses, we have reached an understanding of the need to stimulate the use of mineral fertilizers by farmers. As a short-term measure, the business is ready to freeze the prices for mineral fertilizers in the current agricultural year. To increase the availability of fertilizers for peasant farms, producers of mineral fertilizers have additionally proposed to provide a 5% discount, ”said Abramchenko, quoted by the press service of the Russian government.

The meeting was attended by representatives of the Ministry of Agriculture, the Ministry of Industry and Trade, the Ministry of Economic Development, the Ministry of Finance, the Federal Antimonopoly Service, as well as the management of the largest enterprises in the agrochemical industry: Phosagro, Eurochem, Acron, Uralchem ​​and Uralkali.

On June 22, Abramchenko announced the possibility of introducing floating duties on the export of mineral fertilizers to curb price increases. Earlier, Abramchenko instructed the Ministry of Economic Development and the Ministry of Agriculture of the Russian Federation to submit proposals to stabilize prices for mineral fertilizers for Russian agricultural producers.

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