How RMB Appreciation Affects Chinese Fertilizer Export Prices, Procurement Costs, and Global Sourcing Strategies Throughout 2026, the Chinese yuan (CNY/RMB) has continued to strengthen against the US dollar, reshaping the cost structure of Chinese fertilizer exporters and influencing international pricing strategies. For global fertilizer buyers, this development deserves attention. As one of the world's major fertilizer producers and exporters, China plays an important role