Price controls extended to fertilizer
23 January 2008
The National Development and Reform Commission (NDRC) has required fertilizer producer to stablize prices in order to ensure adequate grain production and keep farmers' costs down, China Business Net reported (in Chinese). The move is the first extension of recent price controls on food products to cover upstream products used in agriculture. Chen Jianbo, a research member of the State Council's Agricultral economics department, said the target of the move was aimed at grain prices, which are a key element of CPI. The government promise the fertilizer supplier cheap price to use power and natural gas as compensation.
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