Acron to Raise Fertilizer Prices for Russian Farmers 7%-11%
OAO Acron (AKRN), the Russian fertilizer producer, will increase prices for local farmers by as much as 11 percent next year.
Ammonium nitrate will be priced at 6,750 rubles ($220) a metric ton, urea at 9,870 rubles and complex fertilizers, known as NPK will be 12,730 rubles a ton, Acron said today in a statement.
Farmers currently pay 6,310 rubles a ton for ammonium nitrate, 9,230 rubles for urea and 11,470 rubles for NPK, Elena Kochubey, a company spokeswoman, said by phone. This means increases of between 7 percent and 11 percent, according to Bloomberg calculation.
Acron, which said in its statement today it will “maintain a price cap” in the first half of next year, joins other Russian suppliers in raising charges. OAO Uralkali (URKA), the world’s largest potash producer, said yesterday it will raise potash prices for farmers to 4,700 rubles a ton in 2012, an 11 percent increase.
Uralchem and Sibur-Munudibreniya, two other Russian fertilizer makers, plan to raise prices for local farmers for the first half of 2012 by 7 percent to 11.5 percent, Vedomosti reported today, without saying where it got the information.
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