Bloc members, especially Brazil, have replaced the EU as Moscows top buyers, according to the fertilizer producers union

Russian fertilizer exports to BRICS nations have surged over 60% in the past three years and the country is ready to further expand production to meet growing demand across the bloc, Andrey Guryev, President of the Russian Association of Fertilizer Producers (RAFP), told the BRICS Business Forum in Rio de Janeiro on Saturday.

Until 2022, the European Union was Russia's top fertilizer buyer, accounting for about 28% of its exports. But following the escalation in Ukraine and the resulting wave of EU and US sanctions, Russia has redirected much of its fertilizer trade toward BRICS and African nations.

"BRICS accounts for half of Russia's fertilizer exports," Guryev said. The largest share, nearly a quarter, goes to Brazil, he added.

"Environmentally friendly Russian mineral fertilizers give Brazilian farmers a key competitive advantage on the global market: the safety and quality of their agricultural products," Guryev stressed.

Brazil's agriculture feeds nearly one billion people, and it relies on a stable fertilizer supply from Russia, Brazil's Deputy Foreign Minister for Trade Laudemar Gonalves de Aguiar Neto told the forum.

In 2024, Russia produced over 63 million tonnes of mineral fertilizers, a 6-7% increase from the previous year and the country's highest output since mid-1980s production peaks.

"In the past five years, we have invested over 1.8 trillion rubles (nearly $23 billion) in new production facilities and capacities," Guryev said. "We are ready to continue increasing volumes and strengthening our export position," he added.

Last week Brussels imposed new tariffs on Russian fertilizers, targeting nitrogen-based products, such as urea and ammonium nitrate. The measure comes amid a broader push by the EU to reduce its dependence on Russian imports.

The European Commission argues that the levies would support domestic production and the EU's fertilizer industry, which has been hard-hit by high energy prices.

The levies - starting at €40-€45 ($47 - $53) per tonne and rising to €430 ($506) by 2028 - have triggered concern among European farmers, who warn the added costs could drive up food prices and hurt agricultural output.

Copa-Cogeca, the EU's leading agricultural lobby, noted that fertilizer costs in Europe jumped by more than 140% between 2021 and 2023, adding that Russian fertilizers remain the most competitive due to well-established logistics networks.

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The BRICS economic group accounts for almost half the planet's population and 40% of the global economy. It comprises Brazil, Russia, India, and China, South Africa, Egypt, Ethiopia, Iran, the United Arab Emirates, and Indonesia. At last year's summit in Kazan in Russia, it introduced a partner country status after receiving over 30 membership applications.

(RT.com)