Kathmandu. Industry sources told the Reuters news agency that China is cutting agricultural fertilizer exports to protect its domestic market. This has put more pressure on a global market that is already struggling due to the US-Israel and Iran wars. <\/p>\n
In mid-March, Beijing banned exports of nitrogen-potassium fertiliser mixtures and some phosphate variants, sources told Reuters. <\/p>\n
According to the news agency, in addition to the existing restrictions and export quotas for urea, only a limited number of fertilizers, especially ammonium sulphate, can now be exported from China. This means that between half and three-quarters of China’s exports last year are now banned. Reuters estimates it could be as high as 40 million metric tons. <\/p>\n
China is one of the world’s biggest fertilizer exporters \u2014 exporting more than $13 billion worth of fertiliser last year. <\/p>\n
The news of the ban comes at a time when the transportation of fertiliser through the Strait of Hormuz has been halted. Shipping through this waterway accounts for about one-third of the total supplies by sea. <\/p>\n
Matthew Begin, senior commodities analyst at BMI, told Reuters: “This is the way China has always behaved, restricting supplies in times of global hardship instead of coming to the rescue.” \u2019<\/p>\n
“They are putting food security first and protecting their domestic markets from the shocks of inflation,” Begin said. \u2019<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Industry sources told the Reuters news agency that China is cutting agricultural fertilizer exports to protect its domestic market. This has put more pressure on a global market that is already struggling due to the US-Israel and Iran wars. In mid-March, Beijing banned exports of nitrogen-potassium fertiliser mixtures and some phosphate variants, sources toldContinue reading “China halts fertiliser exports, further disrupts global supply”<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":77151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1391],"tags":[],"class_list":["post-77154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en"],"acf":[],"publishedDateNp":"\u096c \u091a\u0948\u0924\u094d\u0930 \u0968\u0966\u096e\u0968, \u0936\u0941\u0915\u094d\u0930\u092c\u093e\u0930 \u0967\u0967:\u0967\u096e","_links":{"self":[{"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/posts\/77154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/comments?post=77154"}],"version-history":[{"count":1,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/posts\/77154\/revisions"}],"predecessor-version":[{"id":77155,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/posts\/77154\/revisions\/77155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/media\/77151"}],"wp:attachment":[{"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/media?parent=77154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/categories?post=77154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.kalopati.com\/kp_api\/wp\/v2\/tags?post=77154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}