Peculiarities of functioning of the domestic market for production and consumption of mineral fertilizers in the Russian Federation

Issue № 12, 2023, article № 6, pages 48-55

Language: Russian

Original language title: ОСОБЕННОСТИ ФУНКЦИОНИРОВАНИЯ ВНУТРЕННЕГО РЫНКА ПРОИЗВОДСТВА И ПОТРЕБЛЕНИЯ МИНЕРАЛЬНЫХ УДОБРЕНИЙ В РОССИЙСКОЙ ФЕДЕРАЦИИ

Keywords: DOMESTIC MARKET OF MINERAL FERTILIZERS, DEMAND AND SUPPLY OF MINERAL FERTILIZERS, PRICING OF MINERAL FERTILIZERS, FERTILIZER PRODUCTION BY COMPANIES

Abstract: The production and application of mineral fertilizers are an important component of agriculture in modern realities. Their role in ensuring food supplies should be recognized as vital, and the fertilizer market should be recognized as strategic. The agricultural sector is currently the most important driver of the recovery of the Russian economy. The article analyzes the current state of the domestic market of production and consumption of mineral fertilizers in order to develop methods and mechanisms that develop this industry. The features of the functioning of the domestic market for the production and consumption of mineral fertilizers are determined, the main trends are identified, the characteristics and dynamics of pricing for mineral fertilizers are given. The balance of the domestic market of mineral fertilizers in Russia is determined by products, as well as by the main producers of fertilizers for 2023. The dynamics of changes in production in the total volume of fertilizers by holdings is analyzed. The fertilizer industry in Russia has significant potential for growth in both domestic and foreign markets. The main objectives of the fertilizer market development include improving the material and technical base, creating the necessary infrastructure, improving state support mechanisms and applying financial and tax incentives. In order to maintain the dynamics of the production of mineral fertilizers for the domestic market, it is necessary to expand the logistics infrastructure in various regions to facilitate access to mineral fertilizers for as many agricultural organizations and farms as possible. In addition, it is necessary to increase the financial literacy of farmers in order to understand the economic efficiency of the use of fertilizers and improve the use of agricultural technologies by agricultural producers of various levels of intensity.

Authors: SHkurkin Sergei Ivanovich