# China reduces NPK tariffs, but will they export? - CRU Group

> China's Ministry of Finance set 2018 export taxes, effective January 1, cutting the NPK fertilizer export tariff to RMB100/t (about $15/t, roughly 5%) from 20% in 2017. Phosphate rock tariffs were also reduced, and urea and DAP tariffs stayed at 0%. The article questions whether the cheaper export route will actually release Chinese NPK volume.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/66434-china-reduces-npk-tariffs-but-will-they-export-cru-group
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Lower export taxes on a sector with significant overcapacity could push more Chinese phosphate product onto world markets, which would weigh on international phosphate prices and lower input costs for feed-grain producers.

## Read by commodity

- PHOSROCK: bearish ▼

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2018/china-reduces-npk-tariffs-but-will-they-export/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.