# S.Korea rations urea amid shortage, drivers panic buy

> South Korean diesel drivers began panic buying urea after China's customs introduced a new export requirement that effectively halted Chinese exports. Nearly 97% of South Korea's urea imports came from China between January and September.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: trade · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/44344-s-korea-rations-urea-amid-shortage-drivers-panic-buy
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Chinese export restrictions remove a major supply source from world urea markets, supporting higher global nitrogen prices and feeding through to fertilizer and crop input costs.

## 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 | 2025-08-20 | [Urea export backlog sets stage for Sep price rally amid quota deadline   \| Mysteel](https://feedsoft.ai/events/23640-urea-export-backlog-sets-stage-for-sep-price-rally-amid-quota-deadline-mysteel.md) | -0.8% | -8.5% |
| UREA | 2024-12-09 | [India Urea Tender Rumours Drive Price Surge \| CZ app](https://feedsoft.ai/events/26889-india-urea-tender-rumours-drive-price-surge-cz-app.md) | +2.5% | +9.5% |
| UREA | 2023-12-04 | [South Korea to consult China over urea export delays \| Reuters](https://feedsoft.ai/events/32640-south-korea-to-consult-china-over-urea-export-delays-reuters.md) | -1.6% | -4.7% |
| UREA | 2020-06-22 | [Urea market stages recovery on buying interest in Latin America and Africa](https://feedsoft.ai/events/52542-urea-market-stages-recovery-on-buying-interest-in-latin-america-and-africa.md) | +2.3% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/skorea-rations-urea-supply-amid-shortage-leading-drivers-panic-buy-2021-11-11/

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