Russia has recently announced that it would limit fertilizer exports to keep the domestic market supplied. The measure is valid as of December and establishes quotas for exports of complex fertilizers at 5.35 million tons and nitrogenous at 5.9 million. Brazil would be directly impacted, since the country imports about 20% of nitrogen and 29% of potassium chloride from Russia. The minister of Agriculture, Tereza Cristina, met this Wednesday with Russian authorities and businessmen in Moscow. All assured that they will not fail to comply with the fertilizer supply contracts to Brazil, and may even increase the volume of exports. “We had a guarantee, both from the Russian government and from the fertilizer companies, that we will not have problems with the delivery of fertilizers, both potassium and phosphates,” said the minister. The Minister of Economic Development of Russia, Maksim Reshetnikov, assured the maintenance of the supply of potash and phosphate fertilizers to Brazil and, if possible, an increase in exports for the next harvest.
Source: Agrolink (*Translated by Ia Niani)