Russia’s Industry and Trade Ministry has proposed extending export quotas for nitrogen and complex fertilizers to May 31, 2024, Interfax reported, citing a draft government resolution. The current export quotas run until Nov. 30 this year. The ministry has proposed a quota amount of 16.95 million mt for the Dec. 1 to May 31 period, according to the report.
The Russian government first introduced quotas for the export of nitrogen and complex fertilizers on Dec. 1, 2021, as one of the measures to ensure the domestic market had sufficient supply of fertilizers (GM Nov. 5, 2021).
The export restrictions have been extended several times over the intervening period. In May Russia green-lighted an extension of quotas on the export of nitrogen fertilizers and certain other fertilizer products for the June 1-Nov. 30 period (GM June 2, p. 1).
An initial total export quota of more than 16.3 million mt was set for the June 1-Nov. 30 period. However, the ministry last month was considering increasing the export quota for that period by 2.2 million mt, to more than 18.5 million mt (GM Oct. 13, p. 24).