Russia Saw 70% Increase in Fertilizer Revenue Following Price Hikes

Jan 19, 2023

Shortly after Russia invaded Ukraine, its fertilizer export revenue surged despite a decrease in sales volumes. During the first 10 months of last year, fertilizer exports from Russia soared by 70% to reach $16.7 billion. This is quite an increase, especially when compared to revenue generated in the same period in 2021.

Data from an analysis done by the UN Food and Agriculture Organization shows that Russia’s overseas sales dropped by 10% from the…

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