Yuzhny port closure expected to impact prices Supply cut could impact global trade balance Russia’s Togliattiazot, the world’s largest ammonia exporter, has suspended transit of ammonia following the invasion of Ukraine, the company said Feb. 25.
TOAZ cited the “safety of people living in the area of the ammonia pipeline” in suspending transit operations. Ammonia production will continue in reduced levels to maintain urea production as well as fulfill contracted tons serviceable by rail, the company said. TOAZ exports the bulk of ammonia to Morocco and Turkey through the Black Sea port of Yuzhny, which closed along with associated pipelines Feb. 24 following Russia’s invasion of Ukraine. “All over, there has been bombing in the area. Everyone is home, so no port activity,” a Black Sea trader said. Russia exported $2.14 billion in ammonia […]