Russian fertilizer producers target 25% global market share by 2030, lobby group says
The European Union has imposed new tariffs on Russian fertilizers, which took effect on July 1 and will rise to a prohibitive level over three years. Russia previously accounted for 25% of the EU's fertilizer imports.
"We are not afraid of any duties or tariffs. The market is large. The main thing is that we are moving specifically to the BRICS countries' market," Andrei Guryev, head of the Russian Fertilizer Producers Association, told Putin.
"Today, the BRICS market accounts for almost 50% of all mineral fertilizer consumption, and it is a market that will continue to grow," said Guryev, a former CEO and major shareholder of Phosagro, one of Russia's leading firms.
Guryev said that Russia, the world's largest fertilizer exporter, will produce 65 million tons of mineral fertilizers in 2025. He also noted that exports to India have grown four-fold in recent years.
Major Russian producers, including Phosagro, Uralkali, Eurochem, Acron, and Uralchem, produce and export phosphate, potash, and nitrogen fertilizers.
Guryev said he expects fertilizer prices to rise by up to 30% due to the EU's new tariffs. In Guryev's view, the high cost of fertilizers combined with a ban on Russian imports will force EU farmers to reduce seeded areas and request more subsidies.
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ITV News
20 minutes ago
- ITV News
US and EU agree trade deal, says Donald Trump
The United States and the European Union have reached a trade deal, Donald Trump has said. It follows a brief meeting between the US president and European Commission chief Ursula von der Leyen in Scotland on Sunday. A White House deadline was days away for imposing punishing import taxes on the 27-member EU, which is America's leading global trading partner. Instead, the US will impose 15% tariffs on EU goods entering America, after Trump had threatened a 30% levy. 'It was a very interesting negotiation. I think it's going to be great for both parties,' Trump said. The make-or-break talks were meant to head off trade penalties - and promised retaliation from Europe - that could have sent shockwaves through economies around the world. Trump and von der Leyen held private talks at one of Trump's golf courses in Scotland, then emerged a short time later saying they had reached an 'across the board' agreement. In remarks before the session, Trump pledged to change what he characterised as 'a very one-sided transaction, very unfair to the United States.' 'I think the main sticking point is fairness,' he said while also noting, 'We've had a hard time with trade with Europe, a very hard time.' Von der Leyen had said the US and EU combined have the world's largest trade volume, encompassing hundreds of millions of people and trillions of dollars. Trump said the stakes involved meant of making a deal, 'We should give it a shot.' Von der Leyen said Trump was 'known as a tough negotiator and dealmaker', which caused the president to interject with 'but fair." She said that, if they are successful, 'I think it would be the biggest deal each of us has ever struck.' Their meeting came after Trump played golf for the second straight day at his Turnberry course, this time with a group that included sons Eric and Donald Jr. The president's five-day visit to Scotland is built around golf and promoting properties bearing his name. A small group of protesters at the course waved American flags and raised a sign criticising British Prime Minister Keir Starmer, who plans his own Turnberry meeting with Trump on Monday. Other voices could be heard cheering and chanting 'Trump! Trump!' as he played Tuesday, Trump will be in Aberdeen, in northeastern Scotland, where his family has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new course.
Scottish Sun
20 minutes ago
- Scottish Sun
Donald Trump launches scathing rant about windmills during EU trade talks
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It's no good. Trump and EU chief von der Leyen discuss trade talks ahead of breakthrough deal "They're made in China, almost all of them, and when they start to rust and rot in eight years, you can't really turn them off, you can't bury them. "They won't let you bury the propellers, the props, because they are a certain type of fibre that doesn't go well with the land, that's what they say. "The environmentalists say you can't bury them because the fibre doesn't go well with the land. In other words, if you bury it, it will harm our soil. "The whole thing is a con job - it's very expensive, and in all fairness, Germany tried it, and wind doesn't work. "You need subsidy for wind, and energy should not need subsidy. With energy, you make money; you don't lose money." Mr Trump also claimed that windmills harm animals and said they were "very expensive". It's a horrible thing, it's the most expensive form of energy. It's no good... 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You have windmills all over the place. "Some of the countries prohibit it, but... people ought to know, these windmills are very destructive. "They're environmentally- just the exact opposite, because the environmentalists, they're not really environmentalists, they're political hacks. "These are people that... they almost want to harm the country. I'm playing the best course I think in the world, Turnberry... and I look over the horizon and I see nine windmills. And I said, 'Isn't that a shame?' President Donald Trump "But you look at these beautiful landscapes all over the world... many countries have gotten smart and they will not allow it. They will not. "It is the worst form of energy, the most expensive form of energy, but windmills should not be allowed." It comes before the American leader is set to be pushed by Sir Keir Starmer on how to end the starvation of kids in Gaza. 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Daily Mail
21 minutes ago
- Daily Mail
Trump announces 'very powerful deal' with the EU
Published: Updated: President Donald Trump announced he had reached a 'very powerful' trade deal with the European Union that would lower barriers to U.S. exports and bring new European investments into the U.S. Trump called it 'a very powerful deal' as well as 'a very big deal. It's the biggest of all the deals.' He also called it 'the biggest deal ever made.' Speaking from his Turnberry golf course, Trump said European Union countries would purchase $750 billion of energy from the U.S. and provide an additional $600 billion in U.S. investments. 'All of the countries will be opened up to trade with the United States at zero tariff, and they're agreeing to purchase a vast amount of military equipment,' Trump added. 'We don't know what that number is.' It came after Trump inveighed against 'one-sided' trade with Europe as he sat down at his Turnberry golf course with the EU Commission president, while raging against windmills and saying there were prospects for reaching a deal imminently. 'We wanted to rebalance the trade relations,' said EU Commission Chair Ursula von der Leyen, confirming the agreement while sitting alongside Trump. Trump flashed his anger when a reporter asked if turmoil over the Jeffrey Epstein story had contributed to the rush to get the deal done. 'Oh, you've got to be kidding. No – had nothing to do with it. Only you would make that. That had nothing to do with it,' Trump responded. Both leaders made nice – after the 'Liberation Day' tariffs Trump rolled out in April threatened to cleave the powerful allies. Trump had more recently threatened a 30 percent tariff on the EU – providing an incentive to negotiate it down. Trump, upon arriving here in Scotland, said the powerful trade bloc must 'buy down' the number. 'Basically the European market is open,' said von der Leyen. 'It's 450 million people, so it's a good deal. It's a huge deal. Was tough negotiations. I knew it at the beginning, and it was indeed very tough, but we came to a good conclusion from both sides,' she said. The number comports with what had already been floated. 'We are agreeing that the tariff straight across for automobiles and everything else' would be 15 percent, said Trump. The agreement – with details still to be revealed – comes after Trump announced other agreements with Japan and other nations, while firing off a series of trade 'letters' announcing new tariffs he is imposing on other nations. Japan, too, would face a 15 percent rate on its auto exports to the U.S. After many economists warned that Trump's tariffs could break the alliance, the two leaders proclaimed new cooperation after they had agreed to broad terms. 'This deal will bring us very close together actually. It's a partnership in a sense,' Trump said. The progress came about an hour after Trump complained about the trade relationship. 'It's been a very one-sided transaction – very unfair to the United States,' he complained alongside von der Leyen, keeping her hands in her lap and her expressions muted. 'It's been a very, very one-sided deal, and it shouldn't be,' Trump fumed. He said a deal, if it can be reached, would be the biggest deal 'ever struck by anybody.' 'This is the biggest deal. People don't realize – this is bigger than any other deal. And it could happen – should happen,' he said. Fielding questions at a press event that put the 'working' in what his team calls a 'working visit,' Trump went off on a number of topics. His attacks quickly changed to wind turbines he said obstruct the view from his Scottish golf course. 'It ruins the landscape. It kills the birds. They're noisy,' Trump complained. He said what he terms windmills in Massachusetts were 'driving them loco – driving them crazy.' 'Today I'm playing the best course, I think, in the world: Turnberry ... And I look over the horizon and I see nine windmills. I say isn't that a shame,' he said. On immigration, another tension point, Trump said: 'We've sealed our borders. We have nobody coming in ... I think they're going to end up in the same place. You might as well go there quicker.' Von der Leyen shared his assessment on the chance of reaching an agreement, putting it at 50 percent. Trump got asked at one point if he could do better than 15 percent – the amount of a tariff on European imports that has been floated as a potential final number in an agreement. 'Better meaning lower? No,' Trump said flatly. But the former German politician showed some give in her own remarks and kept her composure even as Trump tore into European policies on trade, energy, and immigration.
