Reported about 1 year ago
China has increased restrictions on fertilizer exports in an effort to stabilize domestic prices, reduce farming expenses, and enhance food security. The new measures include limitations on urea and phosphates, two essential types of fertilizers. These restrictions, along with heightened customs inspections, may lead to a global rise in crop nutrient prices. The move comes as Chinese policymakers address challenges in the agricultural sector such as low grain prices, high costs, and the impact of extreme weather events on crop production.
Source: YAHOO