Support The Moscow Times!

Putin Asks Fertilizer Makers to Keep Prices Down

Prime Minister Vladimir Putin asked fertilizer makers to keep prices for domestic farmers at the lowest possible level because of the drought in Central Russia, during a meeting Tuesday night with Acron chairman Vyacheslav Kantor.

Kantor agreed on behalf of the Russian Fertilizer Producers Association not to raise prices, according to a transcript of the meeting posted on the government web site.

Joint ventures should be created for raw materials, such as potash and phosphate, that are now controlled by a small number of suppliers to allow complex fertilizer producers to keep prices low, Kantor told Putin.

Acron has $4 billion of investment projects, Kantor said, according to the web site.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.