Russia threatens to stop fertilizer exports

Russia seems to be pushing for a ban on the export of fertilizers. The regime of President Vladimir Putin points to logistical problems caused by the departure of foreign shippers from Russia. Should exports actually stop, this will be a new price-increasing impulse for the global fertilizer market.

Various international media quote the Russian news agency TASS that Russia may stop the export of fertilizers. Globally, the country is a major supplier of fertilizers. For example, it is the second largest producer of potash after Canada. If exports actually dry up, a large part of the supply will therefore disappear from the market. According to reports, the Russian Ministry of Industry and Trade has urged fertilizer producers to stop exports until all normal logistics services are resumed. 

Russia itself does not speak out loud of an export ban, but declares that it is unable to export the fertilizers. For fertilizers, "There is a situation where farmers in Europe and other countries cannot receive the contracted quantities of fertilizers due to sabotage from foreign logistics companies," the statement reads. The Russian government is undoubtedly referring to large logistics shippers of containers such as Maersk and MSC, which have stopped providing services to and from Russian ports in protest against the war in Ukraine.

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