China’s National Development and Reform Commission (NDRC) has held discussions with chemical fertilizer makers and asked them not to excessively hoard fertilizer and drive up prices, according to Bloomberg, citing a statement on the commission’s website.
NDRC also said it would temporarily stop the arrangement of fertilizer exports to ensure domestic supply.
According to a Reuters report, citing NDRC, some of the country’s largest producers have agreed to a temporary export curb. China is a major urea and phosphate exporter.