Russian Ministry Recommends Suspending Fertilizer Exports
Remember that China has made the evaluation that sanctions against Russia will hurt the West more than the Empire.....that they are a win for China.
https://www.wsj.com/livecoverage/ru...nding-fertilizer-exports-8gJNAaRR7PBi6HvV4T3o.
The Ministry of Industry and Trade recommended suspending the export of fertilizers until normal transportation services in and out of Russia are resumed, TASS reported Friday. The ministry couldn’t immediately be reached for comment.
Such a move would likely stoke prices, potentially hurting farmers worldwide.
Fertilizers such as potash and nitrogen are largely moved through trains and ships. Those movements have been hit since Russia’s invasion of Ukraine as foreign shippers have steered clear of the region. For instance, several large shipping companies, including the world’s biggest container ship operators—A.P. Moller-Maersk A/S and Mediterranean Shipping Co.—have temporarily suspended services to Russian ports.
For fertilizers, "a situation is emerging where, due to sabotage of deliveries by a number of foreign logistics companies, farmers in Europe and other countries cannot receive the contracted volumes of fertilizers," TASS reported.
Russia was responsible for 18% of the potash market in 2017, according to the U.S. Geological Survey. Among other fertilizers, it also accounted for 20% of ammonia exports and 15% of Urea, according to Scotiabank.
Remember that China has made the evaluation that sanctions against Russia will hurt the West more than the Empire.....that they are a win for China.