News

Russia: The cost of domestic seeds has not increased significantly after the introduction of import quotas - seed growers

Nuts & Seeds
Russia
Regulation & Compliances
Market & Price Trends
Published Feb 17, 2024

Tridge summary

Despite the introduction of a quota on imported seeds in Russia, the National Seed Alliance (NSA) reports that the cost of domestic seeds has not significantly increased. While the price of sunflower seeds has seen a slight rise, Russian seeds are still 2-2.5 times cheaper than imported ones. The quota, in effect from February 12 to December 31, is a result of Russian companies boosting the production of various crops. The NSA continues to monitor the market situation and pricing policy.
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

Imported seeds have become more expensive. The National Seed Alliance (NSA) does not note a significant increase in the cost of domestic seeds after the introduction of a quota on the import of imported seed into Russia. Farmers will be fully provided for, says Igor Lobach, Chairman of the Association Council. Lobach noted that the price for sunflower has risen slightly, but Russian seeds in general are 2-2.5 times cheaper than imported ones. He emphasized that the alliance’s specialists are constantly monitoring the situation with leftover corn and sunflower seeds, as well as the prevailing pricing policy on the market. The Russian government decree introducing restrictions on seed imports came into force on February 12. The quota will be valid until December 31. The total volume of seeds under the quota is 33.1 thousand tons. On February 15, the Ministry of Agriculture of the Russian Federation published an order on the distribution of volumes among manufacturers and suppliers. ...
Source: Zol
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