Fertilizer prices today May 14, 2022: Chinese DAP prices increased slightly due to limited supply

fertilizer prices today, May 14, 2022: Chinese DAP prices increased slightly due to limited supply, while domestically produced DAP decreased slightly due to slow demand. Fertilizers are unlikely to decrease, despite export bans or tax impositions. Export bans and tax impositions on fertilizer exports do not solve the problem of increasing fertilizer prices. Instead, the State needs to apply flexible tax policies on fertilizers and have policies to support the agricultural input production industry. Enterprises do not want to increase prices because it will reduce the market and reduce purchasing power. The price increase is inevitable because input materials have increased. Therefore, the 5% tax rate should not be rigidly applied but should be flexible for each product and each time. For example, the law can be amended to change fertilizers from non-taxable to taxable. In addition, the State needs to have policies to exempt, postpone, extend, reduce taxes, and reduce bank interest rates for input production industries of agricultural production such as fertilizers, chemicals, etc. to create opportunities and room for price reduction for people. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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