China Reforms Regulation on Fertilizer Trade    

Recently the State Council of China promulgated a notice to reform the existed regulation on chemical fertilizer trade and open up the trade to private firms, aimed to improve the service level for farmers and meet the needs of agriculture.
   The most important change is that the trade of chemical fertilizers is no longer inclusive for state owned firms. The involved firms, in any ownership, who reach the regulated certifications in operational site and capital, can apply for the business permit in trading chemical fertilizers in domestic market. Single company and private company must have a capital of no less than RMB30 thousand. The company who applies for doing fertilizer trade among provinces must have a registered capital of no less than RMB30 million.
   Fertilizer traders are required to build enterprises systems of checking purchased fertilizers and other regulated backup recordings, to provide consulting services to consumers for free and guarantee the quality of chemical fertilizers. The State Council encourages large manufacturers and traders of chemical fertilizers or other investors with sufficient ability to develop chain and cluster operation by merge and acquisition.
   The local government shall strengthen the market supervision after the opening up of fertilizer trade.