Russia’s Industry and Trade Ministry has proposed to extend the quotas on exports of nitrogen and complex fertilizers for another six months beyond May 31 this year, when the current quotas are due to end (GM Dec.1, 2023), according to an Interfax report on March 28, citing a government draft proposal prepared by the ministry.
According to the draft resolution, the overall export quotas for the June 1-Nov. 30 period this year will be nearly 19.8 million mt. Of this total, 12.5 million mt will be for nitrogen fertilizers, mainly urea, UAN, and ammonium nitrate, and 7.3 million mt will be for complex fertilizers.
For the six-month period to May 31, 2024, a total export quota of about 17 million mt was set, which included a quota of 9.8 million mt for nitrogen fertilizers and over 7.1 million mt for NPK fertilizers.
Russia first introduced the export quotas on fertilizers on Dec. 1, 2021 (GM Nov. 5, 2021), and have extended them several times. The export restrictions are aimed at keeping sufficient volumes of fertilizers available for supply to the domestic market.