China Expected to Stop Phosphate Exports, Food Production Prices Set to Rise

AgriBusiness Global Staff By AgriBusiness Global Staff|1 October 2021

The cost of producing food is set to increase with the Chinese government expected to restrict the production and export of a crucial agricultural fertilizer, reports ABC. China’s economic planning body, the National Development and Reform Commission (NDRC), is moving to restrict the production and export of phosphates until the middle of next year.

Phosphorus is an essential plant nutrient. Australian grain farmers use the granulated fertilizer at planting to establish crops. The fertilizers are made from phosphate rock reserves mined mainly in China, Morocco, Western Sahara, the U.S., and Russia. Last year 65% of the mono ammonium phosphate (MAP) fertilizer used in Australia came from China.

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Phosphates editor with fertilizer market publication Argus, Harry Minihan, said U.S. import duties on Moroccan and Russian origin phosphates had caused the product’s price to double in the past year.

Read more at ABC.

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