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Under the strong support and coordination of the National Development and Reform Commission and the General Administration of Customs, after the active efforts of the China Phosphatic and Phosphorus Industry Association, the standard for the deposit of ammonium phosphate export tariffs has been lowered. The DAP has been reduced from US$650/ton to US$580/ton, and the customs agreed to receive Bank Guarantee.
On June 1st, the Phosphatic Fertilizer Association received a message from Yuntianhua International Chemicals. The customs authorities imposed export tariff guarantees on exports of DAP and MAP at a price of US$650 and US$620 per ton respectively. Under the current difficult circumstances of the industry, the company’s financial pressure is huge. . The Phosphate Fertilizer Association was immediately reported to the Department of Economic Affairs and Price of the National Development and Reform Commission and the Price Division. The Department of Economic and Trade Affairs took the lead to coordinate immediately. The Customs and Excise Department of the General Administration of Customs gave great support and cooperation, and finally it was fruitful.
Phosphate Fertilizer Association reminded MAP export companies to closely track the MAP export tariff deposits. Prior to the Phosphate Association's proposed standard is 490 US dollars / ton.
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