Fertilizer price cap in Russia kept at Sept 2022 levels - FAS

MOSCOW. May 22 (Interfax) - The Federal Antimonopoly Service (FAS) has approved the commercial policies of mineral fertilizer producers for the period from June to November 2025, the FAS said.

Ceiling prices for fertilizers on the domestic market remain at 2022 levels.

With the extension of fertilizer export quotas until November 2025, manufacturers were required to submit their commercial policies to the FAS for approval. These documents establish maximum prices for fertilizer sales to agricultural producers.

Prices for nitrogen and nitrogen-containing fertilizers in the Russian domestic market were frozen in July 2021 amid their sharp increase in global markets. Following FAS recommendations, the price ceilings were adjusted in June and September 2022, but no indexation occurred in 2023 or 2024.

The Russian government previously extended fertilizer export quotas for the period from June 1 to November 30, 2025. The total export quota will reach nearly 20 million tonnes, including 12.3 million tonnes for nitrogen fertilizers and 7.6 million tonnes for complex fertilizers.