China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, Bloomberg reported. Some major Chinese fertilizer makers reportedly halted signing new export deals from early this month following a government mandate, according to people familiar with the matter.
The restrictions only apply to urea at this point.
China is the world’s top producer of urea and any significant decline in exports threatens to tighten supplies and push up global prices. Among the biggest export markets for the nation’s crop nutrient are India, South Korea, Myanmar and Australia. Read more from Pro Farmer.
