31.08.2023, 17:05
Germany has sharply increased purchases of one type of product from Russia
Source: OREANDA-NEWS
OREANDA-NEWS Germany increased imports of nitrogen fertilizers from Russia by 334 percent from July 2022 to June 2023, writes Berliner Zeitung, citing data from the country's Agricultural Industry Association.
The indicator in seasonal terms increased from 38.5 thousand tons to 167 thousand tons, and Russia's share in the total volume of German fertilizer imports increased from 5.6 percent to almost 18 percent. It is noted that in parallel, Russian supplies increased sharply (fivefold, up to 19 percent) and in general in the direction of the European Union (EU) in the 2022/23 season.
A significant increase in the import of fertilizers by Germany is explained in the material by the fact that its own production of chemicals has become too expensive for the country, and the supply of Russian food and fertilizers is now not affected by EU sanctions. Managing Director and Public Relations Manager of the Agricultural Association Martin May reminded reporters of Germany's serious attempt to become independent from Russian gas supplies. At the same time, he urged to take into account that gas and other energy resources account for 80-90 percent of the cost of fertilizer production. As a result, it turns out that Germany continues to pay for the same Russian gas, but only in the form of fertilizers, for the production of which it was spent.
The indicator in seasonal terms increased from 38.5 thousand tons to 167 thousand tons, and Russia's share in the total volume of German fertilizer imports increased from 5.6 percent to almost 18 percent. It is noted that in parallel, Russian supplies increased sharply (fivefold, up to 19 percent) and in general in the direction of the European Union (EU) in the 2022/23 season.
A significant increase in the import of fertilizers by Germany is explained in the material by the fact that its own production of chemicals has become too expensive for the country, and the supply of Russian food and fertilizers is now not affected by EU sanctions. Managing Director and Public Relations Manager of the Agricultural Association Martin May reminded reporters of Germany's serious attempt to become independent from Russian gas supplies. At the same time, he urged to take into account that gas and other energy resources account for 80-90 percent of the cost of fertilizer production. As a result, it turns out that Germany continues to pay for the same Russian gas, but only in the form of fertilizers, for the production of which it was spent.
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