# Chinese urea futures slide from record highs on new export measures

> Chinese urea futures on the Zhengzhou exchange fell 4.8% to 2,970 yuan per tonne, a two-week low after record highs. The drop followed a customs announcement requiring inspection certificates for 29 fertilizer products, effective October 15. Traders viewed the requirement as a de facto export ban.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: policy · region China · magnitude high
- Page: https://feedsoft.ai/events/44473-chinese-urea-futures-slide-from-record-highs-on-new-export-measures
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Restricted Chinese exports of urea and phosphates tighten global fertilizer supply, which supports prices for buyers outside China. The futures sell-off reflects domestic Chinese price moves rather than a loosening of export availability.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-04-24 | [China Reverses Course on Urea Exports - Genesis Fertilizers](https://feedsoft.ai/events/30662-china-reverses-course-on-urea-exports-genesis-fertilizers.md) | -0.7% | -6.4% |
| UREA | 2024-11-11 | [China’s record low urea exports support nitrogen fertilizers outlook: Fertiglobe](https://feedsoft.ai/events/27319-china-s-record-low-urea-exports-support-nitrogen-fertilizers-outlook-fertiglobe.md) | +0.5% | +1.3% |
| UREA | 2021-09-16 | [China's urea futures hit limit up on energy regulations, soaring coal prices](https://feedsoft.ai/events/45384-china-s-urea-futures-hit-limit-up-on-energy-regulations-soaring-coal-prices.md) | -0.1% | +40.7% |
| UREA | 2023-09-07 | [China's urea export curbs may not hit India much, push up global rates \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/9878-china-s-urea-export-curbs-may-not-hit-india-much-push-up-global-rates-economy.md) | -0.6% | -4.9% |
| UREA | 2023-05-09 | [Urea has increased off the news of a possible increase in China's fertiliser export quota \| Farm Weekly \| WA](https://feedsoft.ai/events/36258-urea-has-increased-off-the-news-of-a-possible-increase-in-china-s-fertiliser.md) | +4.3% | -18.9% |
| DAP | 2024-12-02 | [December sees latest Chinese DAP/MAP export halt](https://feedsoft.ai/events/27265-december-sees-latest-chinese-dap-map-export-halt.md) | -0.7% | +1.3% |
| DAP | 2021-10-19 | [China's curbs on fertiliser exports may affect India, says report \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44477-china-s-curbs-on-fertiliser-exports-may-affect-india-says-report-economy-and.md) | +0.4% | +5.4% |
| DAP | 2024-06-14 | [China Halts Urea Export Inspections; Global Prices Rise - Green Markets](https://feedsoft.ai/events/29675-china-halts-urea-export-inspections-global-prices-rise-green-markets.md) | +0.9% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/world/chinese-urea-futures-slide-from-record-highs-on-new-export-measures-idUSKBN2H40Z6/

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