--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20221010-russian-authorities-considers-the-indexation-of-mineral-fertilizer-prices/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Russian authorities considers the indexation of mineral fertilizer prices Publication Date: 2022-10-10T13:00:08-04:00 Last Updated: 2022-10-10T11:34:25-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Markets](https://www.fertilizerdaily.com/markets/) ![Russian authorities considers the indexation of mineral fertilizer prices](https://www.fertilizerdaily.com/wp-content/uploads/2022/10/desk-black-and-white-technology-white-money-market-1170475-pxhere.com_-scaled-1.jpg) The decision will depend on the cost of agricultural products. The Ministry of Agriculture of Russia may consider the issue of readjustment prices for mineral fertilizers if prices for agricultural products increase, said First Deputy Minister Oksana Lut. “We will return to the issue of price indexation for mineral fertilizers when the price of our agricultural products grows,” noted Oksana Lut. According to her statement, one of the reasons for making such a decision is the mineral fertilizer price affordability index, which is calculated based on a methodology of the Ministry of Economic Development and the Ministry of Industry and Trade of Russia. “At current prices for agricultural products and expected fertilizer prices, fertilizers have become unavailable, and this affordability index has fallen below one. Due to this, the Prime Minister decided not to adjust the fertilizer prices. Therefore, prices should remain at the summer level,” explained Oksana Lut. “If the index is one, the Ministry of Agriculture will allow prices to be increased, if it’s less than one, then we will remain at the current level. Russian farmers should be sure that they will be able to purchase the necessary amount of mineral fertilizers.” Source: [TASS](https://tass.ru/ekonomika/15896001) Tags: [agriculture](https://www.fertilizerdaily.com/tag/agriculture/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [Russia](https://www.fertilizerdaily.com/tag/russia/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.