China first releases fertilizer price index

China first releases fertilizer price index

The first form of China's fertilizer price index was held in Beijing on April 25. The China Agricultural Production Information Circulation Association released the China urea wholesale price index in the China Fertilizer Price Index series, which is the first time in China's agricultural capital industry.

According to the release of the day, the wholesale price index of urea, the leading fertilizer product in China, was 1949.51 points, which was approximately 4.63% higher than that of 2010.

Wu Junyang, head of the Economic and Trade Department of China’s National Development and Reform Commission, pointed out that the release of China’s fertilizer price index can guide producers in arranging production and organization operations; it is also an important way for farmers to understand the fertilizer market, and provides a reference for the country’s macro-control, which is bound to Caused widespread concern in the international market.

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