Fertilizer export duties raised again

China, the world's biggest grain producer, has raised export duties on fertilizer in the latest move to keep prices low to protect farmers and ensure agricultural production.

Analysts said the move would push some domestic producers to the wall by eroding their profits.

Export duties on urea and ammonia will be raised to 150 percent from 135 percent, taking effect from yesterday till the end of December, the Ministry of Finance said in a statement on its website.