Russia is considering extending the domestic price freeze on fertilizers until the end of 2022. The current price freeze is due to end on May 31.
Russia’s Industry and Trade Ministry is working on a possible extension until the end of this year, according to a Bloomberg report, citing the ministry’s press service.
Russian fertilizer producers in November agreed to extend the price cap for the domestic market until the end of May (GM Nov. 19, 2021). Prices were first fixed in July, initially until the end of October.