China is on its way to reduce the ban on exporting urea fertilizer and expected support

China is on its way to reducing the ban on the export of urea, in a move that is likely to reduce the severity of the high world prices driven by tension in the Middle East. According to people who are familiar with the matter, China will begin to draw up the restrictions on compost exports from this month. However, Chinese businesses will be subject to the equity system, and in some cases the people who asked not to mention have said that they are not authorized to talk to the media. Persons added that urea exports to India will remain subject to restrictions. The Chinese Ministry of Trade did not immediately respond to a request for suspension sent by fax. Urea supports global food security The urea is the most commonly used nitrogen fertilizer in the world as it provides one of the basic nutrients on which global food production is based. Until 2023, China was the largest global source of urea, but imposed a ban on exports last June with the aim of reducing local prices, supporting farmers and improving food security. Until now, the part of the urea export has been estimated in the short term about two million tonnes, according to Cruu Group in Beijing. China’s policy of supporting farmers said: “The original purpose of this policy was to ensure the abundance of local supplies and to maintain prices at a level that farmers can carry. As long as local prices have remained within a reasonable size, reducing export restrictions is a logical hikes between farmers’ ability to buy and the profits of urea production companies.” Urea prices in the Shandong Province, one of the most prominent production centers in China, dropped at their lowest levels in more than seven years in January and have been at low levels ever since. Joe concluded: “This is also good news for global markets, as it will partially reduce the scarcity of supply at the global level.”