China Fertilizer Group Calls for Export Cuts to Stabilize Prices

(Bloomberg) — A Chinese fertilizer group asked members to curb exports and recall shipped cargoes to secure domestic supplies and stabilize prices, the latest measures by the nation to restrict crop nutrient shipments.

Producers should also keep factory prices of products below levels recorded Nov. 16 and lower sale prices if profit margins are high, according to a notice on the website of the China Nitrogen Fertilizer Industry Association, a group under management of the Ministry of Civil Affairs.