Chinese agriculture production costs affected by higher fertilizer prices
Published by David Rowlands,
Editor
World Fertilizer,
Tang Ke, the director of the agriculture ministry’s market and economic information department, reportedly said that domestic urea prices increased by 34% in December on a year earlier, and that compound fertilizer increased by 17.1% because of higher raw materials prices and decreasing operating rates at fertilizer producers.
Tang added that, together with emerging environmental protection costs and the higher prices of agricultural machinery, “agriculture production costs in China are expected to go back to a relatively fast rising channel in 2018, after staying at stable levels in the past two years.”
These comments follow the Chinese government’s efforts to ensure sufficient fertilizer supplies and stable prices before spring planting takes place. These steps were necessary because of a gas supply crunch that has tightened urea and other gas-based fertilizer supplies.
Read the article online at: https://www.worldfertilizer.com/nitrogen/24012018/chinese-agriculture-production-costs-affected-by-higher-fertilizer-prices/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Second Harvest Food Bank and CF Industries Foundation announce grant to improve food access in Waggaman, Louisiana
Second Harvest will use the grant funding to support monthly Makin’ Groceries Mobile Market events near Waggaman, starting in 2024.