Uralkali PJSC, Moscow, and its parent company, Uralchem, are ready to extend the price freeze for Russian farmers throughout 2022, according to a Bloomberg report, citing Russian state-news agency Tass. Tass in turn was citing Uralchem majority owner and Uralkali’s Co-Deputy Chairman Dmitry Mazepin.
Russian growers in recent months have enjoyed a freeze on fertilizer prices courtesy of the country’s biggest fertilizer producers. Last month, Russian producers agreed to extend the price cap for the domestic market until the end of May 2022, according to a Tass report, citing Russia’s Deputy Minister of Industries and Trade, Mikhail Ivanov (GM Nov. 19, p. 32).
Prices were first fixed in July, initially until the end of October, and both Uralkali and Uralchem may keep prices at this level, according to the report.