Russia’s Federal Antimonopoly Service (FAS) plans to examine the grounds for pricing of mineral fertilizers to the domestic market, the service said in a statement on Feb. 25.
FAS has sent inquiries to domestic agricultural companies and plans to hold meetings with the country’s largest fertilizer producers on the situation with regard to supplies of product for the needs of Russian consumers, according to the statement. It said it is forming an interdepartmental working group.
The analysis will be completed in the near future, and FAS will take “adequate response measures” if there are signs of overpricing, the service said.
It stated that meeting the domestic demand for mineral fertilizers “is a priority,” since it directly affects Russia’s food security.