- The South Korean government assures of urea availability for the next three months.
- South Korea is seeking additional urea supplies from Vietnam and Japan.
- South Korea’s Minister of Trade is negotiating with China to resolve supply issues.
Urea Supply Crisis in South Korea
South Korea is facing a Urea supply crisis, resulting from delays in Chinese customs ports. This key component of fertilizers and a reducer of emissions in vehicles has become less accessible, and its prices have reached the highest level in two years. This situation resembles the events of the previous year when China focused on meeting its internal needs, thus affecting global urea supplies. South Korea’s dependence on imports from China, which account for over 90% of its total urea imports, further complicates the situation.
South Korea Responds to the Urea Supply Crisis
In response to the escalating crisis, the South Korean government assures of sufficient urea stocks for the next three months and is seeking additional supplies from countries such as Vietnam and Japan. These measures aim to prevent shortages, especially in the transport sector, where urea is essential for controlling emissions in diesel engines. The South Korean Minister of Trade, Ahn Duk-geun, has also taken diplomatic actions, meeting with Chinese officials to resolve the delays in deliveries. These efforts reflect South Korea’s determination to ensure the stability of urea supplies, which are crucial for agriculture and environmental protection.
