Large Medium Small |
BEIJING - China will 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 a statement released Tuesday by 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 fertilizer affected by the new tariff include urea, diammonium hydrogen phosphate, ammonium dihydrogen phosphate, and the mixture of diammonium hydrogen phosphate and ammonium dihydrogen phosphate.
|
Prior to December, China had been implementing the slack season tariff for fertilizer. Under those rules, the exporter would pay a 7 percent tariff if the price is lower than 2,300 yuan ($345) a ton, and if the price is higher than 2,300 yuan, the exporter would pay a 100 percent tariff for the difference between the price and the 2,300 yuan.