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Assessment of the state and development prospects of the domestic market of mineral fertilizers in Russia

Konstantin K. KUMEKHOVThe branch of the Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation in the town of OdintsovoRasul O. KholbekovTashkent State University of EconomicsE. N. BelozorovaFinancial University under the Government of the Russian Federation
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Abstract

In the context of the looming global food crisis, the intensification of food production is becoming not so much a commercial issue as a factor of survival for all of humanity. The role of countries with the necessary resources and production capabilities for mineral fertilizers, which is a key component of the intensification process in crop production, is becoming increasingly important in addressing this challenge. The aim of the research was to study the state of exports and domestic use of mineral fertilizers, in particular, to identify the reasons for the decrease in domestic consumption of mineral fertilizers, and to calculate the economic benefits of various scenarios for their use. The research was based on the regulatory documents, conclusions contained in scientific articles, monographs, statistical data, and expert opinions on the production and use of mineral fertilizers in modern Russia. The results of the study, which are scientifically novel, include: the calculation of the prospective capacity of the domestic mineral fertilizer market, taking into account the introduction of currently unused arable land and the reduction of mineral fertilizer application rates to the level stipulated by the optimal scenario for domestic use; the results of a comparative analysis of mineral fertilizer exports and domestic use, which clearly demonstrate the benefits of increasing domestic consumption and its economic impact, which is estimated at 982.4 billion rubles per year for grain alone. The practical significance of the research results is that they can be used in the development of a "road map" for restructuring the use of mineral fertilizers in order to increase domestic consumption by reducing their export.

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