Nikkei (Japan) quotes IFPRI’s Director of Communications and Public Affairs Charlotte Hebebrand who noted, “Russia is clearly concerned about fertilizer exports. With rising fertilizer prices and ongoing conflict in Ukraine, securing revenue through exports has become even more crucial.”
“According to analysis by IFPRI, the export volumes of urea fertilizer and diammonium phosphate (DAP) from Russia in the year 2022 have exceeded those of the previous year. While Russian potassium exports have decreased, overall Russian fertilizer exports are reaching many countries. Furthermore, due to the soaring fertilizer prices, “the revenue obtained from exports far surpassed the previous year’s levels,” Hebebrand noted.
Read article (in Japanese).