Key Highlights:

• In November 2022 the Agricultural Bank in Syria announced new official prices for subsidized fertilizers. One Metric Ton (MT) of super phosphate rose to  2 050 000 SYP and a MT of Urea 46 increased to 3 000 000 SYP. This reflects an estimated increase of 70% and 25% respectively, compared to the last cropping season.
•  The Ministry of Agriculture and Agrarian Reform (MAAR) set a new procedure to support farmers in accessing diesel fuel for the 2022-2023 winter wheat production season, specifically for land preparation purposes. Farmers licenced to produce winter wheat by the agriculture field departments are eligible to receive 20 litres of subsidized diesel per hectare at 700 SYP per litre.
•  The price increases in local currency terms can be attributed to the worsening economic situation and instability weakening domestic currency. The most significant average price increase was recorded for diesel at 21%. This significant increase can be attributed to the demand for the land preparation of fields with the shortage of the affordable fuel in the market.