Russian Prime Minister Mikhail Mishustin has signed a decree to boost the quota for exports of fertilizers – mainly nitrogen and complex fertilizers – until Nov. 30 by 2.2 million mt, Bloomberg reported, citing a TASS report. The total size of the quota for the June 1-Nov. 30 period will now be more than 18.5 million mt.
It was reported last month that the Industry and Trade Ministry was considering increasing the export quota for the June 1-Nov. 30 period by 2.2 million mt (GM Oct. 13, p. 24). Russia had set an initial total export quota of more than 16.3 million mt for that period.
The Industry and Trade Ministry will now be tasked with distributing the additional quota volumes among exporters.