Added to existing bans and export quotas for urea, only a handful of fertilisers — notably ammonium sulphate — can be exported, five sources said. International urea prices have risen by around 40% from pre-war levels. In China, urea futures are near a 10-month high. The Philippines on Wednesday said China had assured it that fertiliser exports would not be restricted. "Most folks who follow this very, very closely are expecting them to continue to extend the export bans," said Caitlin Welsh, a director at the Center for Strategic and International Studies.

Source: The Edge Markets March 19, 2026 10:28 UTC