Fertilizer Export Control Loosened


The customs duty rate for urea exports during the off-season of consumption is reduced from 7% in 2012 to 7% in 2013 and the rate for DAP, MAP and TSP is to reduced from 7% to 5%. During the busy season of fertilizer consumption, exports of the above products are no longer subject to the busy-season tax of 35% (but the 75% special tax remains unchanged). NPK export tariff is reduced from 95 ~ 110% in 2012 to 80% in 2013.
With regard to exports of DAP, MAP, TSP and NP-compound fertilizer during the off-season of domestic consumption, the period of off-season is extended from June ~ September in 2012 to May 16 ~ October 15.
To cut tax burden, the base prices of urea, DAP and MAP exports during the off-season of consumption is raised from RMB2,100/MT, RMB3,400/MT and RMB2,900/MT in 2012 to RMB2,260/MT, RMB3,500/MT and 3,200/MT in 2013 respectively. Assuming urea export price to be RMB2,500/MT, the tariff is reduced from 23% in 2012 to 11.6% in 2013. The rise of fertilizer export price is conducive to a price recovery in the domestic market.
BOABC predicts that fertilizer exports may step up noticeably next year. Urea and DAP exports may increase more than 10% in 2013.

From “China Fertilizer Market Weekly Report”
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