Russian govt extends fertilizer export quotas until end of 2022, opening export window in June

MOSCOW. May 31 (Interfax) - The Russian government has extended the quotas for the export of nitrogen fertilizer and complex fertilizers.

The corresponding resolution has been signed, and the restrictions will be in effect between July 1 and December 31, 2022, the government press service said.

The quota is slightly more than 8.3 million tonnes for nitrogen fertilizer and 5.95 million tonnes for complex fertilizers.

The quotas introduced last year on exports of nitrogen and complex fertilizers expires on May 31, so in June producers will be able to export these types of fertilizers without limit.

Just as before, the quotas will not apply to fertilizer supplies to the Donetsk and Luhansk people's republics, Abkhazia, and South Ossetia.

The Industry and Trade Ministry has been instructed to distribute the quotas among exporters by June 20, the resolution said.

An agribusiness sector source told Interfax that the Agriculture Ministry's plan for purchases of nitrogen fertilizers by farmers for spring field work has been carried out in full.

"The new purchasing campaign for phosphate fertilizers [which are needed in the fall] will enter its active phase in the regions immediately after the completion of harvesting, meaning not before the second half of July," the source said.