Reuters: Amid global fertilizer shortages, China approves export of about 150 million tons of urea!
This shortage is triggered by the Iran conflict.
Reported on May 28 by Reuters.
Reuters cited its sources stating that the People's Republic of China has approved urea exports through a quota system.
The United Nations points out that the current monthly fertilizer deficit ranges from 1.5 to 3 million tons, threatening harvests of corn, soybeans, and rice.
Against the backdrop of a crisis in the global fertilizer market caused by the aftermath of the Iran conflict, China has approved urea exports.
The agency notes that the allocation of quotas indicates the government believes domestic supply is sufficient.
Meanwhile, according to its data, the relevant notification at the time “did not specify particular conditions.”
In addition, it is reported that the total amount of fertilizers allocated this time is approximately 150 million tons.
Under the current circumstances, the situation regarding fertilizer supply remains severe.
The United Nations emphasizes that, given the sharp rise in global urea prices, the product faces a monthly shortfall of 1.5 to 3 million tons.
Previously, we reported on plans to expand agricultural product exports, highlighting the strategic importance of this sector for the national economy.
However, Reuters’ report may stem from unverified industry rumors, as Chinese authorities have not confirmed it.
China continues to maintain its “domestic demand priority, limited export” strategy to address global shortages while ensuring stable domestic supplies for spring plowing.
Original: toutiao.com/article/1866377773841408/
Disclaimer: The article represents the personal views of the author