Russia expands quotas for fertilizer exports
Customs regulation of Russia will increase the export quotas for nitrogen and complex fertilizers by 231 and 466 thousand tons, respectively.
Since December 1, 2021, the government of Russia has limited exports of nitrogen and complex fertilizers as one of the measures to curb food price growth in the domestic market. The export quotas are valid until May 31, 2022, and allow to supply to the global market 5.9 million tons of nitrogen fertilizers and 5.35 million tons of complex fertilizers. Recently, the quota for carbamide exports has been increased by 280 thousand tons, taking into account the new production capacities of Acron Group.
Moreover, on February 1 this year, Russia introduced a two-month ban on the export of ammonium nitrate. Last week the ban was extended until May 1st.