Fertilizer Export Tax Expected to Be Reduced in 2014

By CnAgri2013-11-25 11:36:32 Print

China’s phosphorus market has been sluggish this year because of soft demand and excessive productive capacity. Some producers have suffered losses. Liuguo Chemical Co., Ltd., Yuntianhua Group and Hubei Yihua Group found their net profit slump 63%, 226% and 56% respectively in the first half of this year on the year-on-year basis.

At the recently held phosphate compound fertilizer conference, an official from the State Development Commission stated that the government had intention of cutting phosphorus export tax to resolve phosphorus producers’ difficulties.

From “China Fertilizer Market Weekly Report”