Fertilizer prices in January rose by 9.8%

Fertilizer prices in Russia in January rose by 9.8%, year-on-year by 45.2%, according to the monitoring of the Ministry of economic development.

“In export-oriented production of fertilizers and nitrogen compounds in January remained high prices will grow by 9.8% (for an annual period - 45.2%)”, - reported in the document.

It also notes that during the reporting period, the production of mineral or chemical fertilizers in recalculation on 100% nutrients) was 92.7% compared to January 2014, including nitrogen - 91,2%, phosphorus - 92.8 per cent and potassium - 94.5%.

According to operational information of the Ministry of agriculture of Russia from January 1 through February 10, this year agricultural producers purchased 288,2 thousands of tonnes of active ingredient (D. C.) mineral fertilizers (13.3% less in relation to the volume of purchase for the corresponding period in 2014) when expressed need for mineral fertilizers in 2015 2.6 million tonnes of nutrient content

According to official statistics, in January the average price of nitrogen fertilizer was 13.3 thousand rubles per ton, which is 11.3% higher than in December 2014, phosphorus remained at the same level of 11.1 thousand rubles per tonne for potash increased sharply by 23% to 11.4 thousand rubles per ton, and fertilizers, not included in other groups, increased by 8.3% to 21.4 thousand rubles per ton.

While export prices for nitrogen, potash fertilizers and compound fertilizers in the first month of the year has increased to the level of the previous month by 12.8%, 24.1% and 7.1 per cent respectively. The prices for domestic agricultural consumers in January 2015 to the level of the previous month are characterized by the increase of nitrogen and complex fertilizers 6.1% and 13.1%, respectively, for potash - a decrease of 0.8%. Prices for phosphate fertilizers remained at the level of December.