Henan "commercial storage worry-free" guarantees the supply of fertilizers

During the critical period of spring ploughing in Henan, Zhengzhou Commodity Exchange recently launched a pilot project of "Worry-free Commercial Storage" in 2022 to help storage companies use urea futures to resolve the risk of devaluation of stored commodities, and to help urea stabilize reserves and guarantee food security

"Currently, the 'Commercial Storage Worry-free' project we launched is progressing smoothly, and 10 pilot enterprises have participated in an orderly manner, escorting the safe storage of 500,000 tons of urea, and effectively guaranteeing this year's spring ploughing fertilizer

Zhao Yibo, executive director of Henan Wanzhuang Anyang Logistics Park Co.

According to the relevant person in charge of Zhengzhou Commodity Exchange, in order to ensure the stable supply of chemical fertilizers during the spring ploughing period, the urea industry has always had the habit of commercial reserves

"In November last year, the new year's 'Commercial Storage Worry-free' project of Zhengzhou Commodity Exchange was launched, and 10 enterprises including Syngenta Group participated, and stored a total of 500,000 tons of urea