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China should stop hoarding food and fertiliser, says former World Bank chief
David Malpass said Beijing’s stockpiles are worsening shortages as nations race to secure fertiliser before spring planting.
- Former World Bank President David Malpass urged China to stop hoarding food and fertilizer stockpiles, telling the BBC that Beijing's practices exacerbate global shortages stemming from the Iran conflict.
- Following the US-Israeli strikes on Iran, Tehran closed the critical Strait of Hormuz, a maritime route that previously carried significant volumes of oil, gas, and fertilizer, causing commodity prices to skyrocket.
- Citing the need to safeguard local supplies, Beijing restricted fertilizer exports in March, while Malpass argued China should abandon its 'developing country' status at the WTO and World Bank.
- Chinese embassy spokesperson Liu Pengyu rejected the criticism, telling the BBC that current disruptions are not China's fault and that maintaining developing country status remains "a legitimate right of China."
- Malpass emphasized that China benefits from open waterways and would suffer economically if Iran maintained control over the Strait, urging Beijing to leverage its influence to help find a resolution.
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China asked to stop hoarding food, fertiliser to help ease global supply crisis - Tibetan Review
(TibetanReview.net, May12’26) – China has the biggest world stockpile of food stuffs and fertiliser and should stop building their stockpiles and instead help ease a global supply crisis caused by the Iran war, reported bbc.com May 12, citing former World Bank president David Malpass. Malpass, who also served as Treasury Under Secretary for International Affairs […]
Former World Bank chief urges China to stop hoarding food, fertiliser stockpiles: Report
China should stop hoarding food and fertiliser to ease the global supply crisis caused by the US-Iran war, former World Bank president David Malpass said, according to a report on Tuesday."They have the biggest world stockpile of ...
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