Russia announced on Wednesday (3) that it will limit exports of nitrogen fertilizers, imposing a six-month quota. “As to avoid shortages in our domestic market, and an increase in food prices” Prime Minister Mikhail Mishustin said on Wednesday. The quota for nitrogen fertilizers will be set at 5.9 million tons, and for complex nitrogen-containing fertilizers at 5.35 million tons. According to Interfax, a Russian news agency, the measure will take place on December 1st. Russia is one of the largest nitrogen exporters in the world. Russia is one of the main suppliers of ammonium nitrate and potassium chloride (KCl) to Brazil. Brazil imported from Russia about 7.583 million tons of fertilizers last year, according to data from Comextat (Brazil’s foreign trade statistics service). Russian fertilizers accounts for 23% of the total imported by Brazilian industries until September this year.
Source: Canal Rural (*Translated by Ia Niani)