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Home >> China
UPDATED: 14:27, June 25, 2004
China curbs fertilizer prices
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The State Development and Reform Commission since March has ordered local governments to curb the rising prices of fertilizers to ease the burdens on farmers.

Figures show that all kinds of agricultural materials includingfertilizers and farm-use diesel oil became more expensive this year, and experts believe this will offset farmers' recent income increase due to the grain price rise.

By mid-March, the retail price for carbamide reached 1,645 yuan(198 US dollars) per ton, up 2.9 percent from the previous month and over 13 percent year on year, according to figures from the Ministry of Agriculture.

The price of imported diammonium orthophosphate, a kind of important fertilizer, stood at 2,484 yuan per ton in mid-March, up8.9 percent from the previous month and over 20 percent year on year.

Now in east Jiangxi province, the maximum price of carbamide isset at 1,620 yuan per ton. The profit rate for fertilizer wholesale enterprises cannot exceed 3 percent in northeast China'sHeilongjiang Province, 4 percent in central China's Henan Province,and 2 percent in central China's Hunan Province.

Source: Xinhua

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