Fertilizer operation cancels corporate ownership restrictions

- The State Council promulgated the "Decision on Further Deepening the Reform of the Fertilizer Distribution System"
Sinochem New Network News On August 28, the State Council issued the Decision on Further Deepening the Reform of the Fertilizer Distribution System, pointing out that in order to further deepen the reform of the chemical fertilizer circulation system, it will mobilize the enthusiasm of all parties involved in the management of chemical fertilizers and liberalize the restrictions on fertilizer operations.

The "Decision" proposes to remove restrictions on the nature of the ownership of chemical fertilizer business enterprises and allow market entities with qualified conditions of ownership and organization types, farmers' professional cooperatives, and individual industrial and commercial households to enter the field of fertilizer circulation, participate in operations, and compete fairly. Individual industrial and commercial households applying for chemical fertilizer management must have corresponding business sites; the registered capital of enterprises (gold) and the amount of capital of individual industrial and commercial households shall not be less than 30,000 yuan; enterprises that apply for establishment of branches and engaged in fertilizer operations within the province The registered capital (gold) of the company's headquarters shall not be less than 10 million yuan; the registered capital (gold) of the company's headquarters shall not be less than 30 million yuan when applying for the establishment of a branch across provinces and engaged in chemical fertilizer operations.

The "Decision" also proposed that the state encourages large-scale fertilizer production and circulation enterprises and social capital with a certain strength and scale to integrate resources and develop chain and intensive management through mergers and acquisitions. For the construction and improvement of regional fertilizer trading market and fertilizer reserves, operations and modern logistics facilities, governments at all levels must actively support them. The fertilizer trading market should establish and improve the quality management system of fertilizer products, constantly improve the trading rules, and effectively protect the legitimate rights and interests of customers.

The "Decision" emphasizes that fertilizer operations should be clearly priced, and the packaging and labeling of chemical fertilizers must comply with relevant laws and regulations and national standards. Fertilizer producers and operators must not be adulterated or adulterated in chemical fertilizers, and they must use counterfeit goods, shoddy goods, or unqualified goods as quality goods. Fertilizer operators are responsible for the quality of fertilizers they sell. If there are quality problems with chemical fertilizers, consumers can claim compensation from sellers according to the quality assurance certificate.

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