Wholesale fertilizer prices have quadrupled from one year ago. StoneX Fertilizer Division Director Josh Linville says there are numerous factors at play. That includes a decision by China to ban fertilizer exports. “The (Chinese) government has come out with a very unique way to stop exports; they have banned the shipment of fertilizer to the ports so thinking it can’t leave the country if there is no product at the ports.” China represents 32 percent of global phosphate trade. On the urea side, China handles close to one-third of all the operating capacity in the world. “When they shut down exports, the world situation feels very, very tight.”
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