Russia Fertilizer Exports Could Hit Record Levels in 2021

Fertilizer shipments from Russia are anticipated to reach record highs in 2021, according to a report from TASS referencing Andrey Guryev, the head of the Russian Fertilizer Producers Association (RAPU). Guryev expressed strong confidence that export volumes will rebound. He suggested that while the 2023 results limited some expectations, exports could climb again in the early part of the year, with a recovery building through the second, third, and fourth quarters. He noted that 2021 marked the peak in fertilizer exports to the global market. This assessment came during remarks at the Russia-China business forum, underscoring the cyclical nature of global fertilizer trade and Russia’s role as a leading supplier to diverse markets. According to Guryev, the world market was supplied with roughly 38 million tons of fertilizers in 2021, a benchmark figure that continues to influence expectations for future shipments across various fertilizer types. The commentary highlights ongoing demand dynamics, logistics considerations, and the need for stable supply chains to support agricultural productivity worldwide, with RAPU tracking market developments and supply commitments across regional and international buyers. The news is framed within broader conversations about commodity markets, trade flows, and the implications for producers that rely on robust export volumes to sustain production and investment strategies over multiple quarters. Attribution: as reported by TASS via RAPU. Former Russian presidential spokesperson Dmitry Peskov approved a 60-day extension of the grain agreement, reflecting the ongoing negotiations around critical agricultural trade arrangements. In discussions surrounding the grain deal, several possibilities are being considered for Rosselkhozbank, including measures that would mirror a SWIFT-like unblocking mechanism as part of the broader package. The spokesperson noted that the agreement on this aspect has been extended, signaling continuation of support measures intended to facilitate grain exports and related financial operations amid evolving geopolitical and economic conditions.