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Bloomberg: The US is concerned, that the main world fertilizer supplies come from Russia, Belarus and China

Bloomberg: The US is concerned, that the main world fertilizer supplies come from Russia, Belarus and ChinaUS authorities are concerned, that the main world fertilizer supplies come from Russia, Belarus and China. This was reported by Bloomberg news agency..

As noted by the authors of the publication, mineral fertilizers have now become a tool of influence in the global market, while the leading countries in this direction are Russia and China, skillfully use it. Although agricultural products from the Russian Federation are not subject to restrictive measures, its supplies are severely curtailed, as shipping and port unblocking issues are still unresolved, conducting monetary transactions due to the fact that, that Russian banks remain under sanctions. Obstacles also remain on insurance issues..

note, that in the period from March to September 2022, the export of Russian fertilizers decreased by 38 percent compared to 2021. All this is caused by obstruction in the insurance and chartering of ships., transporting this product, along with bank payments.

Not surprising, that in this regard, the Russian Federation had nothing left, how to enter from 1 January of this year, export duties on all types of mineral fertilizers in the amount of 23,5%. From now on, it will be charged in that case, if world prices exceed 450 dollars/t (about 33,6 thousand). Another measure to regulate the supply of this type of product abroad was the decision of the Russian government to extend the quotas for its export to 180 days, until May 31, 2023. Set value to 7,013 million tons. Author:Egorenkov Alexander

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