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China move to halt urea exports may spark supply issues in India
September 08, 2023
|Mint Mumbai
China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, a move that's likely to restrict supplies and boost costs for farmers in key buyers such as India.
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Some major Chinese fertilizer makers halted signing new export deals from early this month following a government mandate, according to people familiar with the matter, who asked not to be identified as they're not authorized to speak to the media. The restriction only applies to urea so far, they said. Urea futures on the
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