New Regulation

National Chemical Fertilizer Commercial Reserve Management Measures.

Since the establishment of China’s national chemical fertilizer commercial reserve system in 2004, it has played a very important role in alleviating the contradictions in the annual production and seasonal use of chemical fertilizers. In order to further improve the management methods for fertilizer commercial reserves and establish a highly efficient and well-established reserve management system, the National Development and Reform Commission, the Ministry of Finance and other departments have revised the “National Fertilizer Reserve Management Measures” and extensively solicited public opinions.

After sorting out, the key points of this reform of the fertilizer commercial reserve are mainly the following four aspects:

The first is to integrate the reserve system, integrating the original “central disaster relief fertilizer reserve” (disaster relief fertilizer), “off-season commercial reserve of chemical fertilizer” (spring fertilizer), and “national potash fertilizer reserve” (potash fertilizer) into the “national fertilizer commercial reserve”, of which the potash fertilizer reserve is Single species reserve, disaster relief fertilizer and spring fertilizer reserve species only contain nitrogen, phosphorus and compound fertilizer;

Second, all reserve entities will be determined through bidding, and the reserve task will be voluntarily undertaken by the enterprise and will be responsible for its own profits and losses. The required funds can be solved by applying for loans from the Agricultural Development Bank of China, and the central government will provide financial subsidies;

The third is that the reserve task is issued by the National Development and Reform Commission and the Ministry of Finance, and no reserve contract will be signed with the reserve enterprise;

The fourth is to strengthen supervision and increase penalties for storage companies that have failed to complete reserve tasks, fraudulently obtain subsidies, embezzled reserve loans, and failed to pass the quality inspection of reserve fertilizers.

New Regulation