China is stepping up customs inspections to enforce its new fertilizer export controls as gaps widen between domestic and international prices that have surged after ​disruptions linked to the closure of the Strait of Hormuz, Reuters reports

China's increased customs inspections to enforce new fertilizer export controls signal a tightening of supply in the global market, likely driven by significant price disparities exacerbated by geopolitical disruptions. This move could further elevate international prices for fertilizers, impacting agricultural production costs globally and potentially influencing inflation dynamics, especially in commodity-linked economies.