Tkachev: the export duty on mineral fertilizers will not lead to lower prices

Tkachev: the export duty on mineral fertilizers will not lead to lower prices


The introduction of a sliding export duty on mineral fertilizers will not lead to the desired reduction of prices and will create an additional financial burden for producers of mineral fertilizers, said the Minister of agriculture of the Russian Federation Alexander Tkachev.

MOSCOW, 25 Jan. The introduction of a sliding export duty on mineral fertilizers will not lead to lower prices, but will create an additional financial burden for producers, said the head of the Ministry of agriculture of the Russian Federation Alexander Tkachev, as quoted by the press service of the Ministry.

“As regards the introduction of floating export duties on fertilizers, in our opinion, the implementation of specified measures will not lead to the desired reduction of prices and will create an additional financial burden for producers of mineral fertilizers. This position is shared by our colleagues and from other agencies,” — said Tkachev.

Earlier, President Vladimir Putin said that the issue of export duties on mineral fertilizers is discussed as one of the options retain prices, but it may not lead to the expected results.

The Minister of agriculture of the Russian Federation also recalled that to support farmers has a mechanism unrelated support directed, including the possibility of compensation of part of expenses for acquisition of mineral fertilizers. So in 2016 the Federal budget for this measure is provided by 23 billion rubles — at the level of 2015, when unbound support is allocated 23.2 billion rubles.

In addition, last year, there were a number of measures to contain prices of fertilizers for farmers for the entire period of the spring sowing — from February to may. Particularly noted was the level of producer prices for the main types of mineral fertilizers on the level of February 2015.

In addition, for regions with a complex of soil-climatic conditions (including 53 subject countries) the supply of mineral fertilizers from March 1 of last year was carried out at the prices prevailing in January of the same year, and manufacturers of mineral fertilizers have provided discounts in the amount of from 15 to 20% from the price level of alternative sales market for the period of sowing.