- Russian Ministry Recommends Fertilizer Producers Halt Exports
by REUTERS March 4, 2022, via https://www.agweb.com/
Russia’s trade and industry ministry has recommended the country’s fertilizer producers temporarily halt exports, the ministry said on Friday, in a sign that sanctions imposed after Russia’s invasion of Ukraine could have a global impact.
Major international shipping groups including container lines this week suspended almost all cargo shipments to and from Russia to comply with the Western sanctions. Russia calls its actions in Ukraine a “special military operation” aimed at removing nationalists from government and demilitarizing its neighbor.
“The ministry had to recommend Russian producers temporarily suspend export shipments of Russian fertilizers until carriers resume rhythmic work and provide guarantees that Russian fertilizer exports will be completed in full,” the ministry said. The Russian association of fertilizer producers declined to comment to Reuters on the ministry’s proposal.
Russia is a major producer of potash, phosphate and nitrogen containing fertilizers – major crop and soil nutrients. It produces more than 50 million tonnes a year of the fertilizers, 13% of the global total. Phosagro, Uralchem, Uralkali, Acron and Eurochem are the biggest players. They export to Asia and Brazil. “Vessels are not coming here. And there are no containers at all,” a source in the Russian fertilizer industry told Reuters.