April 27 – To further advance scientific fertilization for both yield increase and environmental greening, and to effectively support the new round of the 100-billion-jin grain production capacity enhancement initiative, the Department of Planting Industry Management of the Ministry of Agriculture and Rural Affairs, together with the National Agricultural Technology Extension and Service Center and the Expert Steering Group on Scientific Fertilization of the Ministry of Agriculture and Rural Affairs, has scientifically drawn on domestic and international crop fertilization practices and fully referenced the 20-year dataset of soil testing and formulated fertilization to develop the Recommended Fertilizer Application Amounts for Major Grain and Oil Crops (Trial).

Ammonium Sulfate – Bull/Bear Score: 1.5
This policy supports grain production capacity enhancement through scientific fertilization and is expected to increase overall fertilizer demand. As a commonly used nitrogen fertilizer, ammonium sulfate will directly benefit from the optimization of fertilization rates for grain and oil crops. Demand may rise, thereby exerting a positive impact on spot prices. A score of 1.5 indicates a strong bullish signal, as the policy is directly linked to agricultural production increases. However, scientific fertilization could improve efficiency, partially offsetting the demand growth.

Monoammonium Phosphate – Bull/Bear Score: 1.5
The policy emphasizes soil testing and formulated fertilization. Monoammonium phosphate, as a key component of phosphate fertilizers, may see increased demand in the fertilization of grain and oil crops. This supports spot prices, as the grain production capacity enhancement initiative will stimulate fertilizer use. A score of 1.5 reflects a significant bullish trend, although fluctuations in demand may arise due to improvements in fertilization efficiency.

Fertilizer (General) – Bull/Bear Score: 1.5
The Ministry of Agriculture and Rural Affairs has established recommended fertilizer application standards aimed at supporting grain production increases through scientific fertilization. Overall fertilizer demand is expected to rise, which is positive for spot fertilizer prices, as the policy push may expand market consumption. The score of 1.5 is based on the long-term bullish nature of the policy, though the optimizing effect of scientific fertilization may partially moderate price increases.