China's Food Stockpiles and Fertilizer Exports Impact Global Supply

AI Summary

Former World Bank President David Malpass stated that China needs to cease hoarding food and fertiliser to alleviate global supply crises exacerbated by the Iran war. China is the largest fertilizer producer, accounting for approximately 25% of global output, with exports surpassing $13 billion last year. Since March, China has suspended exports of various fertilisers to safeguard domestic supplies. This situation, combined with ongoing geopolitical tensions, raises significant concerns about future food supply stability, especially as nations prepare for the upcoming planting season.