RIO DE JANEIRO, BRAZIL - Russia yesterday (2) suspended its exports of ammonium nitrate (NAM), a nitrogen fertilizer, of which the Russians are virtually the sole Brazilian supplier.
Last year, Brazil imported 1.3 million tons of this fertilizer, almost all of which was supplied by Russia. The suspension is valid until April 1 of this year.
The decision to completely cut off supplies of the product is another step in a series of export restriction measures announced by the Russian government for the end of 2021.
Last November, the country had said it would restrict its fertilizer supplies to ensure . . .