Economics :: Prices
China Adds 100% to Fertilizer Export Duty
9:14 AM MDT | April 28, 2008 | Chemical Week Editorial Staff
China increased export duties on phosphate fertilizers and urea from 30%-35%, to 130%-135%, effective April 20 until September 30, to assure adequate supplies to the domestic market, the information office of the Ministry of Finance (Beijing) said in a recent statement. Chinese fertilizer producers increased their exports substantially in 2007, attracted by high prices in international markets. Higher prices, which reduced demand, and higher Chinese exports “balanced” tightening international fertilizer markets last year, says Thorleif Enger...
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