Reserves of agrochemicals in Russia increased by 24%
During the six months of 2021, the reserves of mineral fertilizers in agriculture in Russia increased by 24% to 3.4 million tons. As of today, Russian producers of mineral fertilizers have provided 76% of the annual demand of 4.52 million tons. At the end of the six months of 2020, this figure amounted to 68% with an actual demand of 4 million tons, the Russian Fertilizer Producers Association (RFPA) reported.
This year, a significant volume of mineral fertilizers was supplied to farmers in advance during the off-season, which made it possible to carry out spring field works in Russia at the appropriate times and with high quality. Some regions have already started harvesting. The Ministry of Agriculture of Russia notes that this year due to the improvement in the quality of work with fertilizers, a seed bank, and plant protection products, there is an increase in the average yield for grain and leguminous crops, rapeseed and vegetables. The supplies of mineral fertilizers to the regions are ongoing, there is no shortage of fertilizers, and the annual demand of the agro-industrial complex will be met in full.
Taking into account the level of world food prices both in the world and in Russia, today we can note the highest availability of mineral fertilizers for farmers in recent years. This is the result of the fulfillment of the decree of the President of Russia Vladimir Putin dated September 24, 2015, on the introduction of a mechanism to control the prices for mineral fertilizers amid the changing macroeconomic situation. Within this decree, the government developed mechanisms to ensure the availability of mineral fertilizers for agricultural producers, which are effectively used by producers of mineral fertilizers.
The Russian producers of mineral fertilizers will fully meet the increased demand of domestic farmers for 4.5 million tons of fertilizers in 2021 and 5 million tons next year.