Zerohedge- Russia To Ban Fertilizer Exports To ‘Not Friendly’ Countries
Western Producer- Russia’s proposed ban adds fuel to fertilizer price fire
Russia is the world’s second largest producer of ammonia, urea and potash and the fifth largest producer of processed phosphates, according to institute. The country accounts for 23 percent of global ammonia exports as well as 14 percent of urea, 21 percent of potash and 10 percent of processed phosphate exports. Russia also supplies one-third of Europe’s natural gas, the main feedstock in producing nitrogen fertilizers.
China is responsible for another 10 percent of global urea exports and about one-third of the phosphate trade. It has banned exports of both commodities through the end of June. Together the two countries account for about one-quarter of the world’s urea exports and one-half of its phosphate shipments.
Bloomberg- European Fertilizer Output Cuts
Yara is temporarily curtailing production at Ferrara in Italy and Le Havre in France, the Oslo-based company said on Wednesday. Output of ammonia and urea at its European facilities will be just 45% of capacity by the end of this week. The two plants produce 1 million tons of ammonia and 900,000 tons a year of urea between them. Hungarian fertilizer producer Nitrogenmuvex is also temporarily halting production of ammonia due to high gas prices.
Who is it the sanctions are designed to hurt again?
