Fertilizer prices in Russia remain at Sept 2022 levels, no excesses detected - FAS

MOSCOW. March 30 (Interfax) - The Federal Antimonopoly Service (FAS) has not recorded any excesses of ceiling prices for fertilizers on the Russian market ahead of the spring sowing campaign, the FAS's press service said.

"To date, fertilizer prices remain at September 2022 levels, within the framework of the approved trade policies [of the largest producers]," the FAS said.

No complaints from agricultural producers have been received by the agency.

Prices for nitrogen and complex fertilizers for Russian farmers were frozen in July 2021 amid a strong rise in external markets. In accordance with FAS recommendations, the ceiling prices were indexed in June and September 2022; no indexation has been carried out since then.