Fertilizer export tariffs are expected to be lowered

A few days ago, the Ministry of Finance announced that from January 1, 2014, it will continue to implement tariff quota management on the import of three types of fertilizers, including 7 kinds of agricultural products such as wheat and urea, and three kinds of chemical fertilizers such as urea. Implement a 1% tentative quota tax rate. At the same time, it will also appropriately reduce the export tariff rate on fertilizers.

Analysts pointed out that although the specific reduction in export tariffs has not yet been determined, the policy of “relaxing” is conducive to the export of fertilizer production companies to digest production capacity, and the performance is expected to increase.

Fertilizer production will continue to grow this year, but the loss of the industry is also intensifying, and production capacity is very urgent.

National Bureau of Statistics data show that the first three quarters of fertilizer production 60.47 million tons (pure tons), an increase of 6.1%. Due to the low price of the fertilizer market, some manufacturing enterprises and most circulation enterprises suffered losses, and the operating rate of enterprises fell.