The Chinese government announced the 2015 fertilizer export rate plan. The new schedule eliminates the high and low season rates used by the government in previous years. Sources say the new schedule matches what industry sources have been expecting for the past couple of weeks.
Urea will be exported with a flat duty of RMB80/mt (US$12.93/mt).
The rate for DAP and MAP will be RMB100/mt (US$16.16/mt).
Triple and Single super phosphates will have a 5 percent duty tacked on, as will NP mixes.
The government has the highest export duties on NPK at 30 percent and SOP at RMB600/mt (US$96.95/mt).
The new year-long duty will make exporting Chinese urea and DAP more predictable, say industry watchers. One trader noted there will not be a major rush to secure tons before the export window closes. The move will also help cement China’s role as a major urea and DAP exporting county.