# South Korea to consult China over urea export delays | Reuters

> South Korea will consult China over delays to urea export clearances. South Korea imports over 90% of its urea from China. The article notes concern about a repeat of the 2021 supply crunch, when China effectively halted urea exports.

- Date: 2023-12-04 · published 2023-12-04T12:00:00.000Z
- Category: trade · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32640-south-korea-to-consult-china-over-urea-export-delays-reuters
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Uncertainty over Chinese urea clearances raises the risk of a supply crunch in Asia, which could support urea prices as importers scramble for non-Chinese tons.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-11-05 | [S.Korean drivers panic buy urea after China tightens supply](https://feedsoft.ai/events/43977-s-korean-drivers-panic-buy-urea-after-china-tightens-supply.md) | +4.6% | +3.0% |
| UREA | 2026-04-07 | [China's coal-based urea insulates its farmers from global fertiliser turmoil \| Reuters](https://feedsoft.ai/events/20036-china-s-coal-based-urea-insulates-its-farmers-from-global-fertiliser-turmoil.md) | 0.0% | -10.4% |
| UREA | 2024-08-14 | [Urea supply tight as China keeps exports low \| The Western Producer](https://feedsoft.ai/events/28672-urea-supply-tight-as-china-keeps-exports-low-the-western-producer.md) | -0.3% | +1.2% |
| UREA | 2021-11-11 | [S.Korea rations urea amid shortage, drivers panic buy](https://feedsoft.ai/events/44344-s-korea-rations-urea-amid-shortage-drivers-panic-buy.md) | -1.3% | -1.8% |
| UREA | 2024-08-01 | [Urea in 'tight supply' on cuts in China exports, gas from Egypt: Fertiglobe \| S&P Global](https://feedsoft.ai/events/29104-urea-in-tight-supply-on-cuts-in-china-exports-gas-from-egypt-fertiglobe-s-and-p.md) | +1.4% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/south-korea-consult-china-over-urea-export-delays-2023-12-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.