The country will continue to regulate fertilizer prices

The relevant person in charge of the National Development and Reform Commission said on February 14th that the government will continue to manage the wholesale and retail prices of fertilizers in the form of in-return sales, wholesale and retail margins, or ceiling prices.

As spring plowing approaches, stabilizing fertilizer prices has once again become the focus of government departments. The “Notice on Doing a Good Job on Chemical Fertilizer Production Supply and Price Regulation in 2006” just announced by the National Development and Reform Commission and the Ministry of Finance pointed out that this year we must continue to promote the production and distribution of chemical fertilizers, control the export of chemical fertilizers, and strengthen the price management in the fertilizer circulation. The country will continue to implement preferential tariffs for the use of electricity for fertilizer production; continue to temporarily waive VAT on urea products; continue to waive railroad construction funds for fertilizer rail transportation; continue to suspend export tax rebates on urea and diammonium phosphate; Seasonal tentative tariffs.

The relevant person in charge of the National Development and Reform Commission explained that this move was intended to promote the production and circulation of fertilizers, ensure market supply and price stability, promote agriculture, especially food production, and protect the interests of farmers.

The notice requires that the chemical reserve business in the off-season season be effectively implemented, and that each storage enterprise must actively organize and implement the source of supply according to the provisions of the storage agreement and reserve it in time. The province has established a province of low-level reserves of chemical fertilizer development reforms and financial departments to urge enterprises to complete the task, provinces that have not yet established provincial reserves should pay close attention to the establishment of provincial fertilizer off-season reserves.

The National Development and Reform Commission stated that this year it will continue to strengthen market supervision, conduct in-depth inspections of prices of fertilizers and other agricultural materials and prices, investigate severe price violations in accordance with the law, and choose publicly exposed typical price violation cases. Strictly crack down on illegal competition such as counterfeit counterfeit fertilizers, doping and fraud, and pit farmers' actions to protect farmers, and protect the legitimate rights and interests of farmers. Local blockades are strictly prohibited, and a uniform, standardized, competitive and orderly fertilizer market order is maintained.

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