Russia lacks capacity to ramp up fertilizer exports, industry lobby says
Russia faces a global fertilizer shortage. The nation's production plants operate at full capacity. Russia prioritizes its own farmers for fertilizer supply. Exports are being limited. This comes as global trade faces disruptions. Russia is shippi...

One-third of global trade in fertilisers passes through the Strait of Hormuz, which has largely been shut since the Iran conflict began. Russia, a major producer and exporter, sees supplies for the domestic market as a priority.
Andrei Guryev, head of the industry lobby and former CEO of major producer PhosAgro, said that Russian companies were receiving queries from other countries about increasing exports amid the crunch.
Also Read: Nations race to secure enough fertilizer and prevent food crisis
"In fact, the plants are currently operating at near-full capacity," Guryev said.
Russia, which controls up to 40% of the global trade in ammonium nitrate, said on Tuesday it will suspend exports of the fertilizer until April 21 to ensure sufficient supply during the spring planting season.
Russia is shipping fertilisers to its BRICS partners India and Brazil, as well as to other emerging economies, including a number of African countries, but also to the U.S. and the EU.
Official statistics showed that Russia increased fertiliser production by 4% to 5.5 million tons in February, just before Ukrainian drones hit Acron's Dorogobuzh plant in western Russia, which makes about 5% of Russian fertilisers.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.