AKI: fertilizer turnover increased by almost 20 percent in the second quarter

By: STA Date: 2023. 08. 08. 09:45

Thanks to falling prices, fertilizer turnover increased by almost 20 percent in the second quarter compared to last year – read the summary of the Agricultural Economics Institute (AKI).

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In the examined period, almost all fertilizers became cheaper, and there are some that cost almost half as much as a year ago. According to the announcement, other agricultural input materials were also in short supply in a year-on-year comparison, and the rainy weather increased the demand for fungicides by 14 percent. At the same time, farmers bought 16 percent less herbicide, which the AKI explains by saying that the producers did not have to use their stocks last year due to the drought. For this reason, the turnover of plant protection products decreased by 6 percent overall from the beginning of April to the end of June compared to the same period in 2022, they wrote.

According to the announcement, the fertilizer market is on the verge of transformation

In the past three years, significant supply problems have been caused by the epidemic, the rising prices of the materials required for production, and the difficulties in obtaining them. EU regulations also encourage farmers to look for nutrients of plant and animal origin, biostimulators and soil inoculation preparations that are more beneficial in terms of maintaining soil life. These preparations are available to producers with greater safety compared to artificial fertilizers, they added.


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