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Acron Group Announces Fertiliser Price Cap for Russian Farmers in H2 2012

Acron Group companies have set a price cap for fertiliser sales to Russian farmers in accordance with the 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.

The price caps in H2 2012 will be as follows: RUB 7,090 per tonne of ammonium nitrate and RUB 10,360 per tonne of urea (the prices are FCA plant, bulk, excluding transportation costs and VAT). Based on the agreement reached with Apatit on the apatite concentrate supplies, Acron Group declares a price cap for NPK (16:16:16) at RUB 13,160 per tonne on the same delivery terms.