MOSCOW, Russia (Reuters) — Russian fertilizer producers are willing to cut prices by up to 33 percent for domestic customers, Russian news agencies reported, citing Igor Artemyev, head of the country’s federal Anti-Monopoly Service.
The anti-monopoly service and agriculture ministry had been lobbying for a tax on fertilizer exports to try to help farmers after the ruble slump boosted exports and inflated domestic prices.
However, following the concession by fertilizer producers, deputy prime minister Arkady Dvorkovich said Russia did not plan to impose export taxes.
