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Russia extended its mineral-fertilizer export quotas outside the Eurasian Economic Union for six months, from December through May, while reducing the total quota by 6% to 18.8 million tonnes. The government said the lower limit is intended to protect domestic farmers ahead of spring planting; Russian nitrogen fertilizer output was down 5.5% year over year in January–August.
The reduced quota could retain more fertilizer in Russia and limit export availability, tightening supply for overseas buyers and supporting prices. The article says the change is unlikely to materially constrain exports, and quotas may be expanded if production rises.
kommersant.ruОльга МордюшенкоNov 6, 2026After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
