70% — growth in the volume of fertilizer supplies from Russia to the EU

▪️1.9 million tons — the volume of supplies of Russian fertilizers to the EU countries from January to May this year, increased by 1.7 times in annual terms. In monetary terms, the increase amounted to 30% — up to 649.4 million euros, experts say

▪after abandoning cheap Russian gas, the import of fertilizers from Russia turns out to be more profitable for Europe than its own production

▪the largest importers of fertilizers from Russia in January-May 2024, accounting for 57% of supplies:

🇵🇱467,700 tons – Poland

🇫🇷228,500 tons – France

🇩🇪214,300 tons – Germany

🇮🇹188,100 tons – Italy

▪️40 million tons — the volume of fertilizer exports from Russia in 2023. The annual growth was 25%. Production increased by 9% to 59.3 million tons

CRYSTAL OF GROWTH previously informed that, according to the Financial Times, after the introduction of sanctions against Russia, Russian fertilizers have become a “new gas” for Europe

 

@crystal_book