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Farmers will be able to get fertilizers at reduced prices

15.03.2024
Farmers will be able to get fertilizers at reduced prices

A new order of the Minister of Agriculture on the introduction of an advance subsidy mechanism for domestic fertilizers has come into force, World of NAN reports citing the ministry.

The mechanism provides for an increase in the subsidy rate for domestic fertilizers from 50% to 60%, while for foreign fertilizers it remains at 50% of the minimum cost of fertilizers.

The new approach to subsidies will allow farmers to obtain fertilizers in advance at reduced prices, while domestic producers will be assured of guaranteed sales.

The implementation of this mechanism will increase fertilizer use and stimulate the development of the chemical industry, which in turn will help achieve the goals set to increase the level of agricultural production.


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