Russia’s Industry and Trade Ministry has recommended the country’s fertilizer producers suspend shipments until carriers can guarantee the freight will be completed in full. This week, major international shipping groups suspended nearly all cargo shipments to and from Russia to comply with Western sanctions. A Russian fertilizer source said they don’t have any containers and ships are not coming in.
Russia is the second-largest producer of ammonia, urea, and potash and the fifth largest producer of processed phosphates. Russia accounts for 23% ammonia, 14% urea, 21% potash, and 10% processed phosphate exports.
