Summary: In late
Aug. 2022, the National Development and Reform Commission and the Ministry of
Finance jointly revised the Measures for the Administration of National Commercial Fertiliser Reserves.
This document will come into force as of 1 Sept. this year.
On 31 Aug., 2022,
the National Development and Reform Commission and the Ministry of Finance
jointly issued the new version of Measures for the Administration of National Commercial
Fertiliser Reserves (hereinafter referred to as the "Measures for the Administration").
This document will take effect as of 1 Sept., 2022, with a term of validity of
five years. The revised contents concerning nitrogen phosphorus fertiliser are
as follows:
1. National
commercial fertiliser reserves are divided into three parts: nitrogen and
phosphorus compound fertiliser reserves, potassium fertiliser reserves, and
relief fertiliser reserves. Specifically, nitrogen and phosphorus compound
fertiliser reserves include urea, diammonium phosphate (DAP), and
high-concentration three-nutrient compound fertilisers.
2. According to
the Measures for
the Administration, each liability period of storage of nitrogen
and phosphorus compound fertiliser reserves is two years. To ensure the
fertilisers for spring ploughing and fertiliser preparation in summer, the
annual storage time of storage enterprises in Inner Mongolia Autonomous Region,
Liaoning, Jilin, and Heilongjiang provinces is from 1 Sept. to 31 March of the
following year based on local agricultural production; storage enterprises in
other provinces (districts, municipalities) may choose any six consecutive
months from 1 Sept. to 31 May of the next year as the annual storage time.
3. National
commercial fertiliser reserves are exclusively used for domestic agricultural
needs and should not be used for exports. Nitrogen and phosphorus compound
fertiliser reserves should be only used for agricultural needs of related
provinces (districts, municipalities) and cross-regional transportation is
forbidden unless there is a national command.
The implementation
of this newly revised document may have an impact on phosphate fertiliser
enterprises to some extent. CCM will keep monitoring the future market.
Source:CCM
More information can be found at CCM Phosphorus Industry China
Monthly Report.
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