Market Trends of russia micronutrient fertilizer Industry
Russia is focusing on increasing field crop production to meet the domestic demand and ensure its food security
- In Russia, field crops dominate the agricultural landscape, covering 96.5% of the total cultivated area. Key field crops in Russia include wheat, corn, soybean, and rye. Notably, the country witnessed a 7% increase in its cultivated area in 2022.
- Wheat takes center stage in Russian agriculture, occupying 45.4% of the field crop area. The primary wheat-growing regions span the North Caucasus, Black Earth, Volga, Ural, and West Siberia. Russia experiences two distinct wheat-growing seasons: winter and spring. Projections for the 2022/23 marketing year indicate a record-breaking wheat production of 92.0 million metric tons (mmt), marking a 22% surge from the previous year and an 18% jump from the 5-year average. This estimate comprises 68.0 mmt of winter wheat and 24.0 mmt of spring wheat. Furthermore, the projected wheat yield stands at an all-time high of 3.17 tons per hectare (t/ha), reflecting a 17% increase from the prior year and a 12% rise from the 5-year average. Turning to corn, Russia anticipates production of 15.8 million metric tons (mmt) in the 2022/23 marketing year, marking a 13% increase from the previous month and a 4% rise from the previous year. The projected corn yield stands at a record 6.00 tons per hectare (t/ha), reflecting a 7% increase from the previous month and a 14% rise from the previous year.
- Russia boasts vast untapped agricultural land and concerted efforts are underway to bring more of it to cultivation. This push to expand arable land amplifies the acreage dedicated to field crops and underscores the Russian government's commitment to bolster agricultural production. The government's initiatives, including subsidies, grants, and favorable lending conditions, serve as catalysts, incentivizing farmers to expand their crop cultivation.
Understand The Key Trends Shaping This Market
Download PDF
The most consumed micronutrients by field crops in Russia is zinc that accounted for 33.7% in 2022
- Micronutrients play a pivotal role in crop nutrition, being essential for plant growth. Insufficient levels of these micronutrients can impede plant growth. Micronutrient fertilizers, containing trace elements like boron, copper, manganese, zinc, and cobalt, are crucial for plants, albeit in small quantities. In the year 2022, the average application rate of micronutrients in Russian field crops stood at 4.2 kg per hectare.
- Among Russian field crops, wheat, corn, soybean, and rye take the lead. These crops accounted for a significant 95.0% share of micronutrient consumption, totaling 14.4 million metric tons in 2022. On average, wheat, corn, and soybean received nutrient application rates of 4.2 kg/ha, 3.6 kg/ha, and 4.4 kg/ha, respectively.
- Manganese topped the list of most-consumed micronutrients by Russian field crops, with an average application rate of 10.9 kg/hectare in 2022. Copper followed with 7.1 kg/hectare, zinc with 6.7 kg/hectare, and iron with 3.3 kg/hectare. Manganese is crucial for crop functions like photosynthesis and enzyme activation, aiding in the conversion of nitrate, a readily usable form of nitrogen for crops. In the year 2022, rapeseed or canola stood out as the highest manganese-consuming crop, with an application rate of 12.2 kg/hectare.
- The growing emphasis on sustainable farming practices and the imperative to maintain optimal soil micronutrient levels for crop growth are expected to propel the Russian micronutrient fertilizers market in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Russia is aiming for 60.0% self-sufficiency in fruits and vegetable cultivation, increasing the area under cultivation
- Russia is one of the major agricultural countries in the European region and occupied a major share of the region's irrigation area with 21.5% in the year 2022
- Lower crop yield due to insufficient micronutrient levels in the agricultural soils
