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RIO DE JANEIRO, BRAZIL – Russia yesterday (2) suspended its exports of ammonium nitrate (NAM), a nitrogen fertilizer, of which the Russians are nearly the only real Brazilian provider.
Final 12 months, Brazil imported 1.3 million tons of this fertilizer, virtually all of which was equipped by Russia. The suspension is legitimate till April 1 of this 12 months.
The choice to utterly minimize off provides of the product is one other step in a collection of export restriction measures introduced by the Russian authorities for the tip of 2021.
Final November, the nation had mentioned it will prohibit its fertilizer provides to make sure . . .
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