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.
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