
Russia extended restrictions on mineral fertilizer exports to countries outside the Eurasian Economic Union through May 31, 2027. The export quota for December 2026–May 2027 is 18.9 million tonnes, down from 20 million tonnes, with separate limits for nitrogen and compound fertilizers.
The lower quota limits fertilizer available to export markets, potentially supporting international prices, while the policy is intended to secure domestic supplies ahead of spring fieldwork.
After 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.