August 21, 2009 the Federal Antimonopoly Service (FAS Russia) recognized a group of persons consisting of JSC FosAgro AG and LLC Balakovskyie mineral fertilizers breach of paragraph 1 of Part 1 of Article 10 of the Federal Law On Protection of Competition (abuse of dominant position).
violation of the antimonopoly legislation was reflected in the establishment of companies monopolistically high prices for ammophos, said the report FAS.
earlier case was initiated by FAS Russia Saratov controlled by the public prosecutor of the Saratov region, which during the audit found that the LLC Balakovskyie fertilizers, set unreasonably high price for ammophos in July and August 2008.
As the commodity market for fertilizer is a federal implementation, and operation of LLC Balakovskyie fertilizers have an impact on the functioning of the market within the borders of Russia, was tried in the central office of FAS Russia.
group of individuals consisting of ZAO FosAgro AG and OOO Balakovskyie mineral fertilizers in a dominant position in Russia market ammophos.
In accordance with the Code of Administrative Offenses OOO Balakovskyie mineral fertilizers JSC FosAgro AG threaten penalties noted in the announcement of the antimonopoly authority.
The establishment of monopoly prices and the desire of some companies have inflated earnings negatively affects the work of the agrochemical industry as a whole, and the economic crisis is simply unacceptable, - said Deputy Head of FAS Andrey Tsyganov.
Company FosAgro - a vertically integrated structure with the full cycle of phosphate fertilizers from the extraction of phosphate raw materials to finished products (fertilizers, feed phosphates, phosphoric acid, etc.).
The structure Fosagro are Apatit, Ammophos , JSC Cherepovets Nitrogen , JSC Balakovskyie mineral fertilizers, as well as the company Fosagro-Region , Fosagro-Trans and UK company FosAgro AG. These NBU needs money to fulfill orders of the Government on the financing of Euro 2012 …
The course has increased the dollar - a daily review of the cash markets
Walker: Money market funds finsistemu weaken the United States, needed changes in the regulation
Expert: NBU will allow movements of the dollar on the interbank market
Output statistics in the United States could have a significant impact on the dynamics of world share platforms and the energy market
The current correction in Russia market could take another two or three days
The crisis raised the investment attractiveness of the banking sector
Review of the precious metals market for 24.08.09
European stock markets finished the auctions on Monday peak of almost 10 months
Week on the world stage: elections in Afghanistan, the consequences for the region and not only