Russia's fertilizer export may drop by 15 percent in 2022-Xinhua

Russia's fertilizer export may drop by 15 percent in 2022

Source: Xinhua

Editor: huaxia

2022-12-29 14:21:45

VLADIVOSTOK, Dec. 29 (Xinhua) -- Russia's export of mineral fertilizers may drop by 15 percent this year, better than a 20-percent reduction projected in summer, said Andrey Guryev, head of the Russian Fertilizer Producers Association, on Wednesday.

The export drop is due to Western sanctions, Guryev was quoted as saying by Russia's TASS news agency.

Starting from June to July, Russian producers increased supplies to the markets of "friendly countries," said Guryev.

Guryev said that Russian companies reduced supplies of potassium and phosphate to Europe and increased the supply of mineral fertilizers to India and the Middle East, mainly Türkiye.

In addition, the share of Russian fertilizers in the market of African countries has significantly increased, said Guryev.