The current export quotas for Russian producers of mineral fertilizers have been temporarily increased by almost 700,000 tons, World of NAN reports with reference to the RF Cabinet of Ministers.
The decree was signed by Prime Minister Mikhail Mishustin. The decision will be valid until May 31, 2022 inclusive. Thus, the export quota for nitrogen fertilizers has been increased by 231 thousand tons and now stands at about 5.7 million tons. The size of the export quota for complex fertilizers has been increased by 466 thousand tons and amounts to about 5.6 million tons.
These measures are necessary to support fertilizer producers who face the risk of downtime due to low demand in the domestic market and sanctions from unfriendly states. At the same time, manufacturing companies are counting on interest in fertilizers from states that have not joined the sanctions restrictions.