High food prices await us ?!

Mineral fertilizer prices in Serbia and the world have risen significantly. There are even two or three times more, and the biggest cause is the increase in the price of gas. Read below how the state plans to help farmers and how this growth will affect the price of food.

Tillage – © Pixabay

Minister of Agriculture, Branislav Nedimović, pointed out that Serbia is meeting the needs of its farmers. Namely, the ministry provides subsidized loans for the purchase of raw materials with a grace period and an interest rate of one and three percent. Which is significantly lower than what farmers received from contractors.

Also, the deadline has been extended to November 15, in order for the sowing to be completed as successfully as possible.

Will there be fertilizer in the spring?

Although the current sowing will go well, it is possible that there will be problems in the spring. Namely, the largest producer of nitrogen fertilizer in Europe – “Jara”, suspended 50 percent of production. While it is also not produced in Croatian Kutina.

“We have listed all the stocks we have and formed a working group which deals with this problem, which will come out in the coming period with a proposal to overcome this situation in the spring sowing. There is a great demand for nitrogen fertilizers. We have plans on how to deal with it Russia. Maybe with Iran, because that country is a large world producer of urea, “said Nedimović.

The Minister maintains a positive attitude because, as he points out, we produce much more than we can spend on our own.

“The latest statistics show that it is food exports in the first eight months of this year jumped 19 percent.“

Uncertain situation on the world fertilizer market

In earlier years fertilizers they were mostly imported to Serbia from Russia (about 60 percent) but also from the EU, mostly from Croatia, Austria, Hungary and Romania.

This industry is extremely affected by the rage in energy prices, and some of the largest producers are already suspended or limited production in uncertainty about what will happen next.

He believes that the current situation will contribute to reducing the production of fertilizers in Europe, which could affect yields next season, but also grocery prices. Artificial fertilizer is necessary in food production and reducing the use leads to a drop in yield.

That’s the price basic fertilizer for a short period increased at 45 dinars and 70, a uree dinner it is enlarged from 250 to as much as 750 euros per ton. What experts comment on is the completely unrealistic and unsustainable situation on the market. That is why it is estimated that this year autumn sowing be record expensive what will cause extremely high food prices.

In the second quarter of 2021, compared to the same period last year, mineral fertilizers in Serbia were 14.3 percent more expensive, and animal feed 31.3 percent.

Source: Politics

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