As planned, Russia will introduce export duties on all types of mineral fertilizers from Jan. 1, 2023, at a rate of 23.5% on products priced over $450/mt, Interfax reported, citing the government resolution published on its legal information website.
The duties will remain in place through Dec. 31, 2023. For fertilizers priced up to a maximum of $450/mt, the rate of duty will be zero.
Reports were circulating last month that Russia planned to introduce export duties on fertilizers, a draft of which at that time already had been prepared (GM Nov. 11, p. 31).