Russia Weighs Unified Fertilizer Trader to Boost Pricing Power

Monoammonium phosphate in a storage warehouse at a fertilizer plant in Cherepovets, Russia.

Source: Bloomberg

Russia is considering setting up a unified trading company to export fertilizers in a bid to increase its pricing influence on global markets.

The idea was proposed in July by UralChem PJSC’s founder Dmitry Mazepin, two people familiar with the situation said, declining to be identified because the information isn’t public. It has since been discussed by Industry Minister Denis Manturov and Prime Minister Mikhail Mishustin, the people and another person close to the government said. No decision has been taken and it’s not clear when the proposal will be discussed again, all three people said.