Russian govt approves quota of nearly 17 mln tonnes for exporting fertilizers until May 31, 2024

MOSCOW. Nov 24 (Interfax) - The Russian government has decided to extend the quotas for exporting mineral fertilizers from December 1, 2023, to May 31, 2024, inclusive, and Prime Minister Mikhail Mishustin signed the corresponding instruction on November 23.

The overall export quota totals 16.95 million tonnes, specifically 9.81 million tonnes for nitrogen fertilizers, including carbamide, carbamide-ammonium mixture, and ammonium nitrate, as well as 7.14 million tonnes for multi-nutrient fertilizers.

The government implemented similar measures in May 2023 by introducing non-tariff restrictions from June 1 to November 30, 2023, and setting the quota at 16.3 million tonnes for the period. However, the government last week increased the quotas in force until November 30 by 2.2 million tonnes, specifically by 819,500 tonnes for nitrogen fertilizers and by 1.39 million tonnes for multi-nutrient fertilizers.

The government implemented non-tariff quotas for exporting nitrogen fertilizers and multi-nutrient fertilizers on December 1, 2021, as one of the measures to curb rising food prices.

The Russian Fertilizer Producers Association (RAPU) this past summer proposed moving from quotas to licensing the export of fertilizers, not limited by quotas.