MOSCOW, August 29. /TASS/. Russia’s fertilizer exports to China totaled 2.7 mln tons in January-July, which is almost same as in this period of 2024, the head of the Russian Association of Fertilizer Producers (RAFP) Andrey Guryev told reporters.
"Supplies of Russian agrochemicals to China itself are also growing. Last year, they increased by a third and reached a record 4.7 million tons of fertilizers, primarily potassium chloride. Based on the results of January-July, we maintain last year's record dynamics: 2.7 million tons of fertilizers have already been supplied to China," he said.
According to Guryev, Russia and China could cooperate in the field of basic chemicals and small-and medium-tonnage chemistry.
"Considering the rapid growth of the world's population, maintaining high rates of development of the mineral fertilizer sector in Russia and China is a key factor in ensuring global food security. An important impetus to this development could be given by expanding scientific and technical cooperation between our countries - both in the field of modern basic chemicals technologies (ammonia, acids, fertilizers), and in terms of critically important small-and medium-tonnage chemistry products: flotation reagents, sorbents, catalysts, etc.," he noted.
The head of RAFP also reported that an additional incentive for the implementation of joint Russian-Chinese industrial projects would be the receipt of credit ratings in China by the largest Russian companies and easier access for Russian issuers to the Chinese offshore bond market. Companies from Russia and China also face the task of reducing political risks when making payments through the banking infrastructure of Western countries, which is possible by building a secure payment system within BRICS similar to SWIFT.
"I am confident that this will play an important stabilizing role for the global food market in the context of the introduction of protective duties on Russian fertilizers in Europe and American tariffs on Brazilian agricultural products," Guryev added.