China Urges Regions to Bolster Fertilizer Supply Amid Surging Prices
China’s central government urged its regions on Friday to “strengthen” supplies of fertilizer during the summer amid record prices and tight stocks of the chemicals.
The appeal comes as the government battles soaring prices of a host of raw materials, and after Premier Li Keqiang called for curbing prices of key farm inputs like fertilizer and diesel to guarantee stable grain prices.
The government has stepped up its focus on food security since the global coronavirus pandemic and is targeting a bigger corn crop this year after prices hit record levels in 2020, roiling global markets.
Rising costs of raw materials, high prices globally and surging demand have pushed prices to records, the Ministry of Agriculture and Rural affairs said in a notice.
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The appeal comes as the government battles soaring prices of a host of raw materials, and after Premier Li Keqiang called for curbing prices of key farm inputs like fertilizer and diesel to guarantee stable grain prices.
The government has stepped up its focus on food security since the global coronavirus pandemic and is targeting a bigger corn crop this year after prices hit record levels in 2020, roiling global markets.
Rising costs of raw materials, high prices globally and surging demand have pushed prices to records, the Ministry of Agriculture and Rural affairs said in a notice.
Click Here to read more.