China rushes to stabilise fertiliser market as Iran war chokes off imports
China is pushing firms to release their fertiliser reserves in time for the vital spring planting season, as supplies of key inputs tighten
Beijing is also expected to keep export restrictions on some fertiliser ingredients in place beyond the spring, as it strives to ensure Chinese farmers retain uninterrupted access to vital agrichemicals at reasonable prices despite the Middle East conflict.
Over the weekend, the China Agricultural Means of Production Association (CAMPA) issued a notice calling on companies to release their fertiliser reserves in a timely manner to ensure adequate supplies, stable prices and uninterrupted availability during the spring farming season.
The trade group also set a price cap for urea and warned companies not to sell above that level.
“Companies should take the lead in stabilising price expectations and firmly resist hoarding, price gouging and malicious speculation that disrupts market order,” CAMPA said on Saturday.