With the approval of the State Council, China implemented a series of adjustments to export tariff rates on certain fertilizer products between February 15 and December 31, 2008. These changes targeted specific phosphate-based fertilizers, including diammonium phosphate (DAP), ammonium dihydrogen phosphate (MAP), and their mixtures. The provisional export tariff rate for these products was raised from 20% to 35% from February 15 to September 30, 2008, and then reduced back to 20% from October 1 to December 31, 2008.
In addition, temporary export tariffs were applied to some phosphorus-containing compound fertilizers, specifically those with HS codes 31055900 and 31056000. These products also faced a 35% tariff between February 15 and September 30, followed by a 20% rate until the end of the year.
The adjustment primarily affected DAP, MAP, their mixtures, and selected phosphorus-based compound fertilizers. Detailed changes are outlined in Tables I and II. These measures were part of a broader effort to manage domestic supply and stabilize prices amid rising production costs.
Since 2007, global demand for DAP had surged, while sulfur production—key to fertilizer manufacturing—declined, leading to higher raw material costs. This directly contributed to increased prices for phosphate fertilizers and pushed up global DAP prices. In response, China first introduced an export tariff on DAP in June 2007, signaling a shift toward oversupply in the domestic market and a reduction in imports.
At the same time, a surge in exports led to tight supplies of fertilizer for the autumn planting season. By the end of 2007, domestic stock levels had dropped below 30% compared to the previous year, creating a shortage for spring planting. To ensure affordability for farmers and maintain stable prices, the government adjusted the export tariffs on these products.
Looking ahead, sulfur supply issues are expected to persist through 2008 and into 2009, keeping input costs high. As a result, DAP prices were unlikely to drop significantly in the first half of 2008. Unless raw material prices fell sharply, DAP prices would remain elevated. While the tariff adjustments helped ease domestic supply pressures, they were not expected to reverse long-term price trends. For now, the impact on related companies remained limited.
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