The import of fertilizers derail the hryvnia – the Union of chemists

Импорт минеральных удобрений обвалит курс гривны – Союз химиков

For the period of spring field work accounts for about 70% of the total annual demand for fertilizers

Stop the Ukrainian chemical industry will lead to the collapse rate of 35 UAH/USD, according to experts.

Need to buy mineral fertilizers for needs of the Ukrainian agricultural industry abroad threatens the formation of a negative trade balance and a subsidence rate of the national currency. This was declared by the Union of chemists of Ukraine, informs News.

According to experts, 100% the shift to imported product will lead to a devaluation at 35 hryvnia for one dollar (subject to the General economic status quo). To expect this by April-may of 2018, after a seasonal peak of demand for mineral fertilizers for the spring sowing.

As specified in the Union of chemists, the period of spring field work accounts for about 70% of the total annual demand for fertilizers, which the majority of players buy in February-March. In the absence of domestic alternatives and/or lack of trade barriers to the uncontrolled influx of Russian product the whole demand is covered with import volume about $1 billion.

“At the present time for the opening of import of fertilizers acts as a Pro-Russian lobby in the person of the Chairman of the Ukrainian agrarian Rada Mikhail Sokolov, who calls the continued presence of Russian production “EuroChem” on the Ukrainian market is a prerequisite for development of the agricultural sector. Recently Sokolov got an ally in the face of the people’s Deputy Leonid Kozachenko, who has publicly opposed providing any support to companies Ostchem”, – writes mass media.

We will remind, Ukraine has paid for Russian companies $ 155 million for urea in 2014-2016.