Bloomberg News

Russia May Restrict Fertilizer Price Growth, KV Reports

April 13, 2012

Russia may extend limits on fertilizer price growth into next year, First Deputy Prime Minister Viktor Zubkov said in an interview with the Moscow- based Krestyanskie Vedomosti media group.

Russia’s agricultural sector will use about 3 million metric tons of fertilizer this year, or 600,000 tons more than a year earlier, Zubkov was cited as saying on the group’s website. Under a government-promoted agreement between farmers and producers, fertilizer price increases are restricted to 7 percent to 12 percent this year, according to Zubkov, who didn’t specify whether the same limit may apply in 2013.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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