Russia Extends Fertilizer Export Quotas Amid Global Supply Crunch

Russia, the world's second-largest producer of fertilizers, has extended its export quotas until the end of the year. The government announced on Wednesday that producers are permitted to export 20 million tons of fertilizers for the period spanning June 1 to November 30. This policy extension occurs against a backdrop of deepening global deficits. The supply chain is currently under severe pressure due to the ongoing conflict in Iran and significant disruptions in the Strait of Hormuz, a critical maritime corridor for the seaborne trade of agricultural nutrients. By capping exports, Russia is managing its internal reserves while the global market struggles with logistical bottlenecks. The restriction on the volume of nutrients leaving Russian ports is likely to sustain elevated prices for fertilizers globally, adding cost pressure to agricultural production. Traders and agricultural producers are closely monitoring these quotas, as any further tightening or failure to meet the 20-million-ton threshold could exacerbate food inflation and increase input costs for farmers worldwide.