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China’s Curbs on Fertilizer Exports to Worsen Global Price Shock

  • Government asking for additional inspections on exports
  • Concerns grow over impact of energy prices on food production
CHINA-HEALTH-VIRUS-ECONOMY

Source: AFP/Getty Images

Chinese authorities are imposing new hurdles for fertilizer exporters amid growing concerns over surging power prices and food production, a move that could worsen a global price shock and food inflation.

Some Chinese fertilizer cargoes ready to be shipped are being held up by local authorities for additional checks or to obtain new export certificates, according to people familiar with the matter. The supplies will either end up being sold on the domestic market or face delays in being exported, said the people, who asked not to be named as they are not authorized to speak on the matter.