The fertilizer prices in Russia will remain frozen until May 2022

According to the statement of the Deputy Minister of Industry and Trade of Russia, Mikhail Ivanov, domestic producers of mineral fertilizers agreed to extend the fixation of prices for their products for Russian farmers until the end of May 2022.

“Fertilizer producers announced their decision, which was approved by the government,” said Deputy Minister.

Mikhail Ivanov reports that chemical companies decided to extend the fixation of mineral fertilizer prices to support domestic farmers amid a complicated situation with world prices for natural gas and fertilizers.

Source: TASS