--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20230808-russia-is-going-to-introduce-an-8-duty-on-the-export-of-fertilizers/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Russia is going to introduce an 8% duty on the export of fertilizers Publication Date: 2023-08-08T17:00:27-04:00 Last Updated: 2023-08-08T16:29:57-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Markets](https://www.fertilizerdaily.com/markets/), [Trade & Policy](https://www.fertilizerdaily.com/trade-and-policy/) ![Russia is going to introduce an 8% duty on the export of fertilizers](https://www.fertilizerdaily.com/wp-content/uploads/2023/08/iStock-674991658.jpg) The rate will be valid for a year and a half. Russian government is considering to implement an 8% duty on the export of mineral fertilizers. This decision is expected to come into effect on September 1, 2023. The introduction of an 8% rate on the export of fertilizers will help the Ministry of Finance collect 120 billion rubles (over $1.25 billion) from the industry. The Ministry of Finance hopes that exporters will pay the planned amounts in advance before the end of 2023. As of today, fertilizer exporters pay a duty of 23.5% if the cost of fertilizer is more than $450 per ton. There was a problem at the beginning of this year. The cost of potash and nitrogen fertilizers, which account for 60% of industry exports, turned out to be less than $450. As a result, in the first half of the year, the Ministry of Finance managed to receive only 6 billion rubles (approximately $62.7 million). It is expected that this draft government decree will be published in the near future. The Ministry of Finance does not give any comments. Tags: [export](https://www.fertilizerdaily.com/tag/export/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.