Acron Group, a leading vertically integrated mineral fertiliser producer in Russia and globally, announced that it is freezing the prices Russian growers pay for its mineral fertilisers until 31 October 2021.
Chairman of Acron Group’s Board of Directors Alexander Popov commented on the decision, ‘Following a slump in 2019 and 2020, the mineral fertiliser market is now seeing prices recover. The Group understands the needs of domestic growers and sees Russia as its priority market, which is why it decided to support Russia’s agro-industrial complex during the active phase of autumn sowing by freezing the prices on all of its mineral fertilisers at the current level. Today, Russian growers pay 30-40% less for mineral fertilisers than the prices commanded in the global market. After the cost of logistics, transshipment, and other services is added in, agricultural producers in other countries pay almost double what Russian growers pay in the domestic market’.
Ahead of 2021 spring fieldwork, Acron Group supplied Russian farmers with over 930,000 tonnes of mineral fertilisers, up 27.2% year-on-year. In 2020, the Group shipped 1.4 million tonnes of mineral fertilisers to domestic growers, up 93% year-on-year.
Agronova, Acron’s distribution network in the Russian market, was established in 2005 and comprises ten specialised agrochemical facilities that ensure direct access to products in Russia’s major agricultural regions. Agronova’s units handle transportation, sales, and storage of mineral fertilisers, with total warehouse capacity of 189,000 tonnes.