The Ministry of Agriculture of the Russian Federation instructed the regions to collect information on violations in the pricing of mineral fertilizers for farmers in order to send it to the Federal Antimonopoly Service (FAS). This was announced by Maxim Titov, Director of the Department for Regulation of Agricultural Markets of the Ministry of Agriculture of the Russian Federation, at a meeting of the State Duma Committee on Economic Policy.
“We have been tasked this week to collect information from the regions on those situations where they believe that pricing throughout the entire chain is not respected, with specifics. And on these particular requests, we will send information to the Federal Antimonopoly Service for a through check,” Titov said.
Fertilizer prices in Russia increased by 2021–20% in 100. One of the reasons for this phenomenon was the increase in the price of fertilizers in the EU due to the energy crisis.
Russian fertilizer producers have fixed their prices for domestic farmers until the end of May 2022, which may help curb the rise in prices for agricultural products.
Earlier, Mikhail Delyagin, Deputy Chairman of the State Duma Committee on Economic Policy, said that a wave of inflation caused by a rise in the price of fertilizers could hit Russia. The economist explained that due to expensive gas in Europe, a number of mineral fertilizer production facilities have stopped.
“Our government reacted wisely to the prospect, but the price of fertilizers still rose, jumped from 40% to two times. Extremely unpleasant. This wave of inflation will hit us anyway,” Delyagin said.