On Aug. 22, 2012, after a long negotiation of 19 years, Russia formally entered World Trade Organization (WTO) and promised that it would open its markets of industrial products and agricultural produce to the WTO members, and its average tariff will be gradually lowered to 6.0% in 2015 from 9.5% in 2012. The trading environment between Russia and China will be improved further, which is conducive to potash import from Russia in the future.
Domestic fertilizer market inevitably suffers from oversupply and weak demand, resulting in the fact that the inventory of the fertilizer manufacturers stays at a high level and domestic market price of fertilizer has shown a decreasing trend in recent months. However, affected by the depressed international urea market, there is not any export transaction even if domestic urea granules ex-factory price has been below USD311.7/t - USD314.8/t. When Indian urea Invite Public Bidding is held in late September 2012, will the domestic price increase slightly?
As domestic soil fertility has obviously declined due to the excessive use of chemical fertilizer, the Chinese government issued a series of policies about strengthening the management of arable land in June and July 2012, aiming to strengthen the supervision of arable land protection with concrete action, so as to improve the soil fertility of China's farmland. In July 2012, General Office of Hubei provincial government released a notification, the Implementation of Structural Adjustment and Upgrade of Fertilizer Industry in Hubei Province, claiming that the management of new project access and elimination of backward production facilities should be carefully implemented during the 12th Five-Year (2011-2015)Plan period. Thus, a series of regulations of industrial upgrading arose in the 12th Five-Year (2011-2015) Plan in 2012, what are they? And what will they impact?
China Fertilizer Biweekly Report published by CCM, covers the latest dynamics and hottest information on China's fertilizer market. With columns of Expert column, Perspective on market, Policy, Planting environment, Brief news and Price update, it helps you make wiser business decisions and capture good investment opportunities more quickly. The report aims to help you master fertilizer industry trend analysis on the characteristics of the development of China’s fertilizer industry, stage of development, the balance between supply and demand, competition pattern, economic operation, the main competitive enterprise, investment and financing conditions, which is also to provide information support for the judgments of the future development of the fertilizer industry.
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