The Zhitong Finance App learned that fertilizer stocks generally fell in early trading. As of press release, CNOOC Petrochemical (03983) fell 4.14% to HK$2.55; Heart to Heart Fertilizer (01866) fell 2.4% to HK$6.1; and Sinochem Fertilizer (00297) fell 1.53% to HK$1.29.
According to the news, Russian Deputy Prime Minister Abramchenko said that relevant Russian authorities support extending the fertilizer export quota system originally scheduled to expire on December 31, 2022, until May 31, 2023. Furthermore, India's fertilizer department minister expects fertilizer prices to plummet in the near future.