Russia suspends ammonium nitrate exports for one month.

Russia announced on Tuesday (24) the suspension of ammonium nitrate exports for one month, until April 21, in order to ensure domestic supply during the spring planting season. The country accounts for up to 40% of global trade of the fertilizer and for about 25% of world production of ammonium nitrate, which reinforces the impact of the measure on the international market. The decision comes in a context of restricted global fertilizer supply, aggravated by the closure of the Strait of Hormuz, through which approximately [amount missing] transits. 24% of the world's ammonia tradeAmmonium nitrate, an essential input in the production of ammonium nitrate, is in short supply. According to Russian authorities, there is no capacity to increase production this year amidst the global supply crisis. The country's Ministry of Agriculture reported that it has suspended all export licenses already issued and will not grant new authorizations, except for previously signed government contracts.

This text was translated by machine from Brazilian Portuguese.