{"id":133867,"date":"2021-07-30T03:36:40","date_gmt":"2021-07-30T03:36:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=133867"},"modified":"2021-07-30T03:36:40","modified_gmt":"2021-07-30T03:36:40","slug":"china-says-key-fertiliser-firms-to-suspend-exports","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/china-says-key-fertiliser-firms-to-suspend-exports\/","title":{"rendered":"China says key fertiliser firms to suspend exports"},"content":{"rendered":"
FILE PHOTO: A worker wearing a face mask transports fertilisers for export at a port in Nantong, Jiangsu province, China January 31, 2020. China Daily via REUTERS <\/figcaption>

BEIJING (Reuters) – Some of China\u2019s key fertiliser companies said they would temporarily suspend exports to assure supplies in the domestic market, according to a statement on the website of the National Development and Reform Commission (NDRC) on Friday.<\/p>\n

The fertilizer firms, which were not named, were summoned by the NDRC for a discussion against hoarding and speculation, the statement said.<\/p>\n

The move is the latest by Beijing to tackle soaring prices of major raw materials. Fertiliser prices in China, both a major consumer and producer, have hit records this year amid stronger demand from overseas, lower production domestically and high energy costs.<\/p>\n

NDRC\u2019s action follows comments from Premier Li Keqiang last month calling attention to the high prices of key farm inputs, a potential threat to the country\u2019s food security.<\/p>\n

The state planner said it had urged key fertiliser companies to \u201coperate in an orderly manner in accordance with laws and regulations, and must not hoard, drive up prices, or fabricate or spread information about price increases\u201d.<\/p>\n

It said that the companies had agreed to \u201ctemporarily not arrange fertiliser exports to ensure the supply of fertiliser in the domestic market\u201d.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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