The Russian Fertilizer Producers Association: Russian farmers increase purchases of mineral fertilizers by 20% over 8 months



MOSCOW, RUSSIA - Media OutReach - 14 September 2022 - According to Russia’s Ministry of Agriculture, Russian farmers increased their purchase of mineral fertilizers by 20% year-on-year during the first eight months of 2022, to 4.3 million tonnes nutrient. Thus, as of early September, domestic agribusiness purchased more mineral fertilizers than in all of 2020.

The President of the Russian Fertilizer Producers Association, Andrey Guryev, said:

“Nearly 90% of the Ministry mineral fertilizer purchasing plan for 2022, taking into account carryover stocks, has already been fulfilled. The remaining volumes are already under contract and have been included in the production schedule for the rest of the year. All the necessary infrastructure for the transfer and storage of mineral fertilizers to ensure that seasonal field work is carried out throughout the country is in place. The annual supply target will be exceeded.”

During the All-Russian Field Day 2022, in the Kaliningrad region on 29 July 2022, Russia’s Agriculture Minister, Dmitry Patrushev, said that farmers would purchase 5 million tonnes nutrient this year and that the application rate would be 60 kg nutrient/ha. The Minister also noted that purchases of mineral fertilizers need to be increased to 8 million tonnes nutrient by 2030.

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About the Russian Fertilizer Producers Association
About the Russian Fertilizer Producers Association

The Russian Fertilizer Producers Association was established in 2008 by Russia’s largest producers of mineral fertilizers to represent and protect their interests in addressing key issues related to the development of the mineral fertilizer industry.

The Association currently has 15 members, which supply more than 90% of the total Russian market for mineral fertilizers.

For more information, see the website: .


SOURCE:

The Russian Fertilizer Producers Association

CATEGORY:

Agriculture & Agribusiness

 
PUBLISHED ON:

14 Sep 2022

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