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China introduced additional fertilizer export restrictions in June 2024, cutting its urea exports by 83% compared with the prior year. The measures aim to stabilize domestic prices, and they have pushed importers such as India and South Korea to seek alternative suppliers.
Sharply lower Chinese urea and phosphate exports tighten global supply, which supports fertilizer prices and raises input costs for feed producers.
jamestown.org10.04.2024 Aya AdachiOct 4, 2024After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
