20.03.2024, 10:20
Russian fertilizer supplies to China have soared
Source: OREANDA-NEWS
OREANDA-NEWS According to the results of January-February 2024, the supply of Russian fertilizers to China soared by 94 percent compared to the same period in 2023 and reached the level of 891.3 thousand tons.
The income of Russian exporters from sales of these products amounted to $ 285.3 million. In monetary terms, the indicator increased by 28 percent compared to January-February 2023.
A sharp increase in supplies has allowed Russia to become the largest supplier of fertilizers to China. In second place were exporters from Canada, who sent 719.9 thousand tons of fertilizers worth $ 225.1 million to China. Belarus closed the top three (448 thousand tons by 141.9 million).
By the end of 2023, China and India have become one of the main markets for Russian fertilizers. Shipments of these products from Russia to India increased by 49 percent in 12 months and reached 5.4 million tons. According to this indicator, Russian suppliers were second only to Chinese ones, which shipped a total of 5.44 million tons (plus 62 percent) in 12 months.
The income of Russian exporters from sales of these products amounted to $ 285.3 million. In monetary terms, the indicator increased by 28 percent compared to January-February 2023.
A sharp increase in supplies has allowed Russia to become the largest supplier of fertilizers to China. In second place were exporters from Canada, who sent 719.9 thousand tons of fertilizers worth $ 225.1 million to China. Belarus closed the top three (448 thousand tons by 141.9 million).
By the end of 2023, China and India have become one of the main markets for Russian fertilizers. Shipments of these products from Russia to India increased by 49 percent in 12 months and reached 5.4 million tons. According to this indicator, Russian suppliers were second only to Chinese ones, which shipped a total of 5.44 million tons (plus 62 percent) in 12 months.
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