Russian corn seeds are several times cheaper than foreign ones - NSA

Maize (Corn) Starch

Nuts & Seeds

Market & Price Trends

Published Mar 6, 2024

Tridge summary

Russian corn seeds are significantly cheaper than their foreign counterparts, with prices two to three times lower, according to the National Seed Alliance. The price of domestic seeds is expected to remain stable at 3.8 thousand rubles per unit in 2024, while foreign seeds could cost between 11.7 to 14.1 thousand rubles, with an annual increase of 20-40%. This price difference could potentially encourage Russian farmers and scientists to opt for domestic seeds, particularly in light of declining solvency.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Russian corn seeds turned out to be two or three times cheaper than foreign ones. As the magazine field.rf writes, such data were presented by the National Seed Alliance (NSA). The minimum price of domestic seeds for 2024 is 3.8 thousand rubles per unit, and foreign ones - from 11.7 to 14.1 thousand rubles. Chairman of the association Igor Lobach noted that prices for domestic seeds hardly change every year, while foreign seeds become more expensive by 20-40%. This is data for six Russian breeding companies for February 26. The cost of domestic crop seeds has remained virtually unchanged since last year, while foreign ones have risen in price by an average of 20-40 percent. Read also The export price of wheat from Kazakhstan may increase by $30 Let us note that this should become a new incentive for Russian ...

Source: Rosng