26-12-2017 | 08:28

Deputy Head of FAS took part in launching trading with mineral fertilizers.


On 19 December there was an official ceremony of launching a pilot project for competitive bidding with carbamide (B grade), organized by a specialized Sub-Committee of FAS Exchange Committee, the Working Group of Russian Association of Fertilizer Manufacturers and St Petersburg International Mercantile Exchange. The first transaction was performed through protected trading.


“The pilot trading project is very important for all market participants since it has a certain incentive system”, Deputy Head of FASAndrey Tsyganov. ”For producers of mineral fertilizers this is a possibility to get the price close to the market one. Under the Law “On Protection of Competition”, the price set at the Exchange cannot be monopolistically high, provided a particular list of conditions is observed. Therefore, market participants get some kind of pardon from possible actions of the competition authority aimed at exposing violations of the antimonopoly law in the form of fixing monopolistically high price, and market consumers receive guaranteed delivery and obtain possibility to conclude transactions at the prices maximum close to the market prices”.


At the event, Deputy Head of FAS answered questions and emphasized that “Russian agrarian sector is sufficiently developed and mature to work under the normal market conditions. Exchange trading is one of such conditions”.


Under the Road Map for developing exchange trading, it is expected that the results of the pilot project will be summed up in Q1 2018 and measures will be designed for further scaling trading for a broader range of mineral fertilizers in Russia. In particular, the number of bidders will be expanded, exchange documentation should be adjusted and the legislative framework shall be improved.



Head of FAS Department for Regulating the Fuel-and-Energy Complex, Dmitry Makhonin, and Deputy Head of FAS Department for Control over Chemical Industry ad Agro-Industrial Complex, Sergey Vershinin, also took part in the event.


Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements International Working Groups Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Concept Note Meetings OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 OECD meetings 2018 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD 17th session IGE UNCTAD EEU Model Law on Competition ICN BRICS WG (Markets of Social Importance) EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide