UNDER DISCUSSION: Russia plans fertilizer export tax at 23.5% when price above $450/t -IFX

Russia plans to set its export tax for all types of fertilizers at 23.5% when the price is more than $450 a tonne. Russia is a major producer of potash, phosphate and nitrogen fertilizers, with output of more than 50 million tonnes a year, equating to 13% of global production. Officials have prepared a draft of the government decree that would set the export tax at this level.