Recently, China has restricted the export of urea and ammonium phosphate, which has attracted the attention and discussion of the South Korean side. This restriction has had an impact on South Korea's fertilizer supply and demand and agricultural production. South Korea** believes that these measures may be motivated by domestic market demand rather than political considerations. However, South Korea has expressed concern and has already taken action to prepare for what comes next.
Recently, the General Administration of Customs of China has suspended the customs clearance process for Chinese enterprises to export urea solutions to South Korea. This move has aroused the attention and doubts of South Korea. Yoon Suk-yeol** asked the Chinese side to confirm the specific facts of the issue, but did not receive a clear response.
In response, South Korea's Ministry of Agriculture, Food and Forestry explained that China's restriction on urea exports may be due to domestic demand, rather than political factors. The Ministry of Agriculture, Food and Rural Affairs is studying the availability of urea and studying strategies for diversifying imports. South Korea believes that urea stocks are sufficient and that China's restrictions are unlikely to be aimed at South Korea.
However, South Korea** has still expressed concern and is working on a response plan. The Ministry of Trade, Industry and Energy, the Ministry of Strategy and Finance, and other relevant departments have held meetings to discuss issues such as inventory, supply and demand, and to study possible solutions such as opening up import channels and expanding inventories. The South Korean Embassy in China also sent a letter to the relevant Chinese authorities to ensure that the urea that has completed quarantine can be shipped to South Korea smoothly.
According to Yonhap News Agency, the Chinese state has notified the suspension of export inspections of ammonium phosphate. China is one of the world's largest ammonium phosphate countries, and South Korea's dependence on ammonium phosphate is as high as 95%. If the control measures continue into next year's busy farming season, it may affect the supply and demand of fertilizers in South Korea.
South Korea's Ministry of Agriculture, Food and Rural Affairs said it was learning about the availability of ammonium phosphate and was working on strategies to diversify imports. South Korea believes that China's restrictions may be aimed at satisfying domestic needs rather than political factors. According to **, South Korea's current ammonium phosphate stocks can meet the demand for next year's busy farming season.
However, the fertilizer industry in South Korea has still expressed concerns. They believe that if China's restrictions are prolonged, it will have a negative impact on South Korea's fertilizer chain. As a result, South Korea** is stepping up its efforts to develop a response plan, including opening up import channels and expanding inventories.
South Korea** expressed some understanding of China's restrictive measures, believing that they are necessary measures based on domestic demand and not due to political factors. They believe that China's restrictive measures may be due to China's domestic tensions.
However, South Korea** still expressed concern. They are concerned that China's restrictive measures may be prolonged, which will have a negative impact on South Korea's fertilizer chain and agricultural production. In response to this situation, South Korea** has begun to formulate specific response plans, and ** to open up import channels and expand inventories.
The Ministry of Trade, Industry and Energy, the Ministry of Strategy and Finance, and other relevant ministries have held meetings to discuss issues such as inventory, supply and demand, and to consider possible solutions. The South Korean Embassy in China also sent a letter to the relevant Chinese authorities to ensure that the urea that has completed quarantine can be successfully transported to South Korea. At the same time, the South Korean side also proposed to start a dialogue channel with China to resolve the issue of cooperation between the two sides.
South Korea has shown a certain amount of worry and nervousness about China's restrictive measures. Although they believe that these measures are unlikely to be politically motivated, there is still speculation in South Korea about "malicious strikes" against China. Unsure whether China's measures will be permanent, South Korea** is responding with all its might to ensure the stability of fertilizer** and agricultural production.
This article reports on the impact of China's restrictions on urea and ammonium phosphate exports on South Korea, as well as South Korea's response and concerns. China's restrictive measures on the export of urea and ammonium phosphate have aroused concern and questions in South Korea. South Korea** believes that these measures may be motivated by domestic needs rather than political considerations. However, South Korea** still expressed some concern and took action to deal with the possible negative impact. In the future, we need to pay close attention to the development of this issue and hope that the two sides can resolve issues in cooperation through dialogue to safeguard the common interests of both sides.