China's Ministry of Finance announced on the 17th of the State Council Tariff Commission a tariff decision in 2008, from April 20 to September 30 the use of chemical fertilizer season, the domestic trade of all forms, regions, businesses of all exports of fertilizers and some fertilizer raw materials In the existing export tax on the basis of 100 per cent of the levy special tariffs.
This is the fourth time this year China's adjustment of fertilizer products of export tariffs, but also the intensity of the history of one of the biggest adjustments. The special levy export tariffs, China's chemical fertilizer export tax rate will be raised to 100% to 135%.
Treasury officials will this initiative known as the "special circumstances of the special measures", and market analysts believe that this initiative means that China has further tightened the gate fertilizer exports, exports of fertilizers almost sealed the way out.
Although this year China has repeatedly adjusted fertilizer products export tariff rates, but the fertilizer exports still showed high growth, and further increase the domestic pressure on prices of chemical fertilizers. Official statistics show that the first two months of this year, China exported 1.71 million tons of urea, an increase of 250 percent, MAP, DAP exports were 259,000 tons and 315,000 tons respectively, year on year growth of 280 % And 130%.
Source: 新华网 Luo Sha & Han Jie Apr. 17, 2008