According to the press service of the Russian Association of Fertilizer Producers, since the beginning of 2021, the volume of exchange sales of mineral fertilizers at the St. Petersburg International Mercantile Exchange (SPIMEX) has reached 1 million tons. The market leaders are Apatit (PhosAgro Group), Acron, EuroChem, SDS Azot and KuibyshevAzot.
All members of the Russian Association of Fertilizer Producers (RAPU) are represented on the SPIMEX site, the range and volume of products sold are constantly increasing, their deliveries are carried out from more than 200 delivery bases in 45 regions. The electronic platform of SPIMEX allows farmers, without additional costs, to quickly find and purchase the necessary brands of mineral fertilizers.
The growth in the number of exchange transactions in 2021 is facilitated by the entry into the exchange of small and medium-sized agribusiness. This was the result of a decrease in the minimum exchange lot from 20 to 5 tons. The growth in trading volumes was supported by the possibility of preferential lending for exchange purchases of fertilizers. Such decision is made at a meeting with the participation of representatives of the Federal Antimonopoly Service, the Ministry of Agriculture of Russia and the Bank of Russia.
Trading in the Mineral Raw Materials and Chemical Products section started at SPIMEX in 2017 as a pilot project. PhosAgro became one of the first companies in the Russian mineral fertilizers industry to present its products for trading on the stock exchange. In 2018, the Federal Antimonopoly Service decided to develop exchange trading in mineral fertilizers. Since then, the product line has expanded significantly, and all major domestic manufacturers take part in the auction.