The National Development and Reform Commission announced on the 24th that with the approval of the State Council, the Development and Reform Commission and the Ministry of Finance decided to advance the price reform of fertilizers and establish a market-led fertilizer price formation mechanism. Starting from January 25, 2009, the prices of domestic chemical fertilizers will be ex-factory prices. The import price of imported fertilisers other than potash fertilizer was changed from the government guidance price to the market adjustment price.
The notice issued by the Development and Reform Commission and the Ministry of Finance also stipulates that all temporary price interventions, such as price increases for chemical fertilizer ex-factory prices that have been liberalized, price adjustment filings, maximum price limits, and control over the price of fertilizer circulation, should be abolished. . Continue to exercise proper supervision over the prices of imported potash fertilizers for general trade.
The National Development and Reform Commission announced on the 24th that due to the increase in food production costs since last year, the government decided to continue 2009 in order to protect the interests of farmers, maintain a reasonable price level in the grain market, mobilize the enthusiasm of farmers for grain production, and further promote the stable development of grain production. The minimum purchase price policy was implemented in the main rice production areas, and the minimum purchase price was increased by about 16%.
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