The government approved quotas for the export of fertilizers until May 2024 – Kommersant

The Russian government has approved quotas for the export of mineral fertilizers from the Russian Federation for the period from December 1, 2023 to May 31, 2024 in the amount of 16.95 million tons, it follows from resolutions office published on the official Internet portal of legal information.

It follows from the document that the quota for the export of nitrogen fertilizers (urea, urea-ammonium mixture, ammonium nitrate) will be 9.8 million tons, complex fertilizers – 7.1 million tons. The quotas will not affect exports to the countries of the Eurasian Economic Union.

Duration of current quotas for the export of fertilizers expires November 30th. The total volume of the quota is more than 16.3 million tons. The government said that this decision is “aimed at maintaining sufficient volumes of fertilizers in the domestic market.” The distribution of volumes between exporters is handled by the Ministry of Industry and Trade.

Quotas were set in December 2022. The authorities hoped that this measure would allow mineral fertilizer producers to export unclaimed leftover finished products. Kommersant’s interlocutors in the industry complain that the complex procedure for issuing quotas is holding back exports, despite the fact that the domestic market is already sufficiently supplied at fixed prices. Nevertheless, in 2023, fertilizer exports from Russia, according to analysts, could grow by 20%, approaching the 2021 values.

More details in the material “Fertilizers grow exports”.

Erdni Kagaltynov