Russia: Seed producers in Bashkiria have halved prices due to the cost of grain

Russia

Market & Price Trends

Published Mar 25, 2024

Tridge summary

In 2023, Russian domestic seed producers were forced to lower their prices due to the decreased cost of commercial grain, which led to a reduction in purchasing power and profitability. Consequently, farmers and agricultural enterprises are shifting towards more profitable crops like sunflower. Despite these challenges, domestic breeders are able to supply cheaper Russian seeds, which may yield less but are more affordable than foreign varieties. Notably, the export of seeds of fodder and leguminous crops from Russia nearly tripled in 2023.

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

Prices for agricultural seeds directly depend on market prices for crops Domestic seed producers were forced to sharply reduce prices in 2023 due to the low cost of commercial grain. The former director of the Bashkir Research Institute of Agriculture (BNIISH), Doctor of Agricultural Sciences, breeder Anvar Shakirzyanov said this in an interview with the RBC Ufa TV channel. “I cannot agree [with the statement] about the rise in price of domestic seeds. On the contrary, prices have decreased. Why? The purchasing power of commercial grain producers has decreased. They cannot realize the harvest they harvested in 2022–2023. Even if we take into account our institute, last year we sold seeds much cheaper than in previous years,” Shakirzyanov said. According to the scientist, the Institute of Agriculture sells seeds at a price two to three times higher than the average cost of commercial grain. At a price of 12 rubles. seeds cost 24 rubles per kilogram of grown grain. Last year, “sales ...

Source: Zol