Thailand Seeks Russian Urea Imports to Cut Farm Costs

Thailand Seeks Russian Urea Imports to Cut Farm Costs

MOSCOW, April 16, 2026 — Thailand is seeking to import up to 2 million tonnes of Russian urea annually at preferential prices, following talks in Moscow aimed at strengthening bilateral trade and easing domestic farm costs.

Agriculture Minister Suriya Jungrungreangkit met Russian Deputy Prime Minister Dmitry Patrushev and Deputy Agriculture Minister Maxim Markovich to discuss expanding cooperation in the fertiliser sector.

Thai officials said the proposal includes securing a dedicated supply of granular urea and establishing a joint task force to accelerate trade coordination, with deliveries potentially beginning as early as May 2026.

The move is aimed at stabilising fertiliser supply and reducing input costs for farmers, amid rising global prices and supply chain disruptions.

Russia signalled readiness to supply Thailand, noting its capacity as a major producer of nitrogen-based fertilisers. Companies such as PhosAgro and UralChem have expressed interest in long-term contracts.

Both sides agreed to form a joint working group to address trade issues and facilitate cooperation, including business matching between private sector firms.

Bilateral trade between Thailand and Russia has reached around $1.6 billion in recent years, with both governments indicating potential for further growth, particularly in agriculture and food sectors.

Pricing and contract details are expected to be finalised through direct negotiations between companies, with the Russian ambassador to Thailand coordinating implementation.

Officials said the initiative reflects Thailand’s broader effort to secure critical agricultural inputs and strengthen supply resilience.