Gov't extends hoarding bans on urea, medical supplies for 2 months
Bans on hoarding urea, urea solution, medical syringes and needles will be extended for two months amid lingering concerns over supply disruptions, the finance ministry said Thursday. In an emergency ministerial-level meeting, the government decided to extend the ban on hoarding until Oct. 31, while easing stockpiling restrictions as China has recently relaxed its tight control on urea exports,…
The government has extended restrictions on hoarding urea and essential medical supplies for an additional two months, according to a statement from the finance ministry. This decision came during an emergency ministerial meeting, with the aim of preventing supply disruptions. The ban on hoarding urea and urea solution, as well as medical syringes and needles, will now remain in effect until October 31.
The government's announcement came after China recently eased its stringent control on urea exports, which had been a significant concern. The revised measure limits the amount of stockpiled goods to 200 percent of the monthly average sales from the previous year for no more than seven days, up from the current 150 percent limit.
Urea, a crucial component for reducing emissions in diesel cars and a key ingredient in agricultural fertilizers, is the primary focus of the extended ban. The ban on hoarding medical syringes and needles will continue until the end of October, as stated by the ministry.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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