9 Apr 2010 10:20

Acron to keep H2 prices at H1 level for domestic agriculture

MOSCOW. April 9 (Interfax) - The company group Acron has said it will be retaining H1 prices for mineral fertilizers through H2 for domestic agricultural producers.

Prices for NPK (nitrogen, phosphorous, potassium; 16:16:16) will be 10,200 rubles/tonne, ammonium nitrate - 5,570 rubles/tonne, carbamide - 8,470 rubles/tonne (FCA-plant prices, excluding VAT), a company statement says.

The prices are set in accordance with an mutuality agreement aimed at meeting the mineral fertilizer needs of Russian agriculturalists in 2008-2012 signed between the Russian Fertilizer Producers Association and the Agriculture Industry Union.

"Thanks to the agreement on apatite concentrate and potassium chloride, the Acron Group is providing the lowest possible prices for Russian agricultural producers. The active involvement of the pertinent agencies in the process of setting fair prices for key types of raw material makes it possible to create conditions for retaining the current pricing level. It is important to note that the price for complex fertilizers is not rising for two years straight already," the Acron statement says.