As anticipated, the Russian government has extended export quotas for nitrogen and complex fertilizers for another six months, from Nov. 30 to May 31, 2024 (GM Nov. 3, p. 31).
The government has set the total export quota for the six-month period at about 17 million mt, which will include a quota of 9.8 million mt for nitrogen fertilizers and over 7.1 million mt for NPK fertilizers, according to a TASS report. Russian Prime Minister Mikhail Mishustin signed the decree last week.
The export restrictions have been extended several times since they were first introduced on Dec. 1, 2021, and are aimed at keeping sufficient volumes of fertilizers available for supply to the domestic market (GM Nov. 5, 2021).
The total fertilizer export quota for the June 1-Nov. 30 period was more than 18.5 million mt, after a boost in mid-November from the original 16.3 million mt quota (GM Nov. 17, p. 30).