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Acron Retains Fertiliser Price Cap for Russian Farmers in 2H 2011

 In 2H 2011 the companies of the Acron Group will maintain a price cap for their mineral fertiliser sales to Russian farmers. The price caps were set in 1H 2011 under a Cooperation Agreement between the Russian Fertiliser Producers Association and the Russian Agro-Industrial Association aimed at meeting domestic farmers’ demand for mineral fertilisers in 2008-2012.

2H 2011 price caps: RUB 6,310 per tonne of ammonium nitrate; RUB 9,230 per tonne of urea; RUB 11,470 per tonne of NPK 16-16-16 (all prices are FCA plant, bulk, excluding transportation costs and VAT).