Date: 2 weeks ago   Category: Industry

Producers of fertilizers predict increase in prices in Ukraine because of the anti-Russian sanctions — Rambler News Service


Introduction by Ukraine of sanctions against the Russian mineral fertilizers can lead to further loss of profitability of the Ukrainian agriculture and further increase in prices for fertilizers due to the lack of the competition, RNS in the Russian Association of Producers of Fertilizers (RAPF) reported. "They (today's events are RNS) can lead to further loss of efficiency and profitability of the industry of which more than 10% of GDP of Ukraine are the share... Due to the lack of the competition of the price which last year grew already by 40% will aspire up further, and on the Ukrainian market fertilizers with the high content of cadmium and other harmful substances can get", – it is said in the statement. According to association, this decision can reduce productivity in Ukraine. "We expect that the new authorities of Ukraine will be able to pay to this question special attention, to understand a situation and to give a fair assessment to the made decisions, pursuing, first of all, the economic interests of own farmers and not to allow reduction of application of fertilizers and loss of productivity which we will be able to see already in the current year... and finally will withdraw the ban on import of the Russian fertilizers", – added to associations. In opinion the BRINE, the decision of Ukraine to impose sanctions against the Russian mineral fertilizers is contrary to legislative initiatives of the European Union. "Also it is worth paying attention that the country which signed the agreement on association with the EU makes decisions which are contrary to legislative initiatives of the EU in the field of regulation of a turnover of fertilizers with the high content of cadmium", – note in the BRINE. Earlier Ukrainian Pravda reported that Ukraine imposed new sanctions against Russia, they, in particular, provide introduction of the ban for import from Russia of some types of goods and introduction of the special duty for the Russian products. According to the Minister of Economic Development and Trade of Ukraine Stepan Kubiva, under the ban some types of industrial goods, mineral fertilizers, agricultural products and vehicles got. The Uralkali company refused comments, in the Ministry of Agriculture of the Russian Federation and a komapniya EuroChem at the time of the publication did not respond RNS to the request.

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