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China May Impose 110% Export Duty on Urea, Phosphate, Site Says

China may restrict fertilizer exports by levying peak-season duties of 110 percent on urea and diammonium phosphate shipments starting Dec. 1, the industry website Jcce.cn said, citing the China Nitrogen Fertilizer Industry Association.

Urea exports will be charged the duty between Dec. 1, 2010 and June 30, 2011, the site said. The export duty will be lowered to 7 percent during the low season between July 1 and Oct. 31, 2011, before rising to 110 percent for November, it said.