Russian President Vladimir Putin has ordered the extension of quotas on Russian fertilizer exports to be extended to Aug. 31, Bloomberg reported on April 27, citing Interfax.
The fertilizer export quotas had been set to run until May 31.
Putin also ordered further quarterly extensions of the restrictions to be considered.
The Russian state-owned news agency Tass earlier reported that Russia would extend its fertilizer export quota to the 2022-2023 agricultural year, citing Deputy Prime Minister Viktoria Abramchenko.
The Russian government has also announced new allocations for nitrogen exports. The total nitrogen allowed for export has been set at 231,000 mt for April 26 through May 31 (see Markets).
Russia had increased the export quotas at the beginning of April for nitrogen fertilizers by 231,000 mt and for complex fertilizers by 466,000 mt, respectively (GM April 1, p. 26). The export quota for urea for April was increased by 280,000 mt to account for the launch of new production capacity by the Acron Group.
The Russian government introduced export quotas for nitrogen fertilizers and complex fertilizers containing nitrogen on Dec. 1, 2021, as well as on DAP and MAP, in a bid to safeguard local supplies and stabilize pricing for the country’s farmers, and were to run until May 31 (GM Nov. 5, 2021).
The original cap on nitrogen fertilizer exports was set at 5.9 million mt, and 5.35 million mt for complex fertilizers.