Russia may extend fertilizer export quotas until May 31, 2023, according to an Interfax report on June 6, citing Deputy Prime Minister Viktoria Abramchenko. According to the report, a government commission supports the extension.
The Russian government on May 31 extended the quotas for the export of nitrogen fertilizers and complex fertilizers, with the restrictions to be in effect between July 1 and Dec. 31, 2022 (GM June 3, p. 1).
The previous quotas – applied on exports of nitrogen and complex fertilizers and introduced on Dec. 1, 2021 (GM Nov. 5, 2021) – expired on May 31. For the month of June, producers will be able to export these fertilizer products without limits.
The new quotas to run between July 1 and Dec. 31 are slightly more than 8.3 million mt for nitrogen fertilizers and 5.95 million mt for complex fertilizers, according to the report.
Meanwhile, Russian companies are maintaining their fertilizer output plan for 2022 “at a level not lower than last year’s output of at least 58 million mt,” according to a Tass report this week, citing Russia’s Deputy Minister of Industry and Trade Mikhail Ivanov.