China rushes to stabilise fertiliser market as Iran war chokes off imports | South China Morning Post

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China is urging companies to release their fertiliser reserves in time for the crucial spring planting season, as the US-Israel war on Iran strains supplies of key raw materials to the world’s largest grain producer.

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.

Tehran’s effective closure of the Strait of Hormuz has disrupted global supplies of sulphur, urea and other chemicals in recent weeks, making it harder for Chinese fertiliser producers to access key inputs.

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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.

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“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.

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