China started to impose a 110 percent tariff on some fertilizer exports in December in order to ensure adequate domestic fertilizer supplies for the coming spring, according to the Ministry of Finance (MOF).
The new export tariff includes a 35 percent increase in the temporary tariff and 75 percent in a special tariff.
Those fertilizers affected by the new tariff include urea, diammonium hydrogen phosphate, ammonium dihydrogen phosphate, and the mixture of diammonium hydrogen phosphate and ammonium dihydrogen phosphate.
The MOF said the tariff hike seeks to curb fertilizer exports, ensure domestic fertilizer supplies for the coming spring and help control the rapidly rising prices of domestic agricultural products. |