Sowing campaign in the Novosibirsk region has gone up in price by 53%

The authorities of the Novosibirsk region are estimating the cost of the sowing campaign in 2022 at about 15 billion rubles (over $144 million), which is 53% more compared to the previous year. The cost growth has been caused by an increase in purchases and prices for mineral fertilizers, said Deputy Minister of Agriculture of the Novosibirsk region Viktor Apanasenko.

“In the last 3-4 years, the main financial flow of over 10 billion rubles (over $96 million) goes equally to mineral fertilizers and plant protection products. 1.2 billion rubles (approximately $11.5 million) go to spare parts, 1.1 billion rubles (almost $10.6 million) — to seeds, and 2.5 billion rubles (approximately $24 million) — to fuel and lubrication materials,” said Viktor Apanasenko.

The cost growth is associated with an increase in the volume of purchased mineral fertilizers and with an increase in their prices last year from 10% to 40%. But currently, due to the export limitations and fixation of prices, all agricultural enterprises have been provided with the necessary amount of fertilizers by the beginning of the sowing campaign.

Viktor Apanasenko noted that the cultivated area in 2022 will be 2.36 million hectares (2.3% more than the year before), of which 1.5 million hectares will be allocated for grain and leguminous crops, about 500 thousand hectares for fodder crops, and 344 thousand hectares for industrial crops.

Source: TASS