Taifer Profits Decline; Minister Chen: Fertilizer Price Freeze Cost NT$1 Billion Over 3 Years
Agriculture Minister Chen Jun-ji explained that Taifer's declining profits are due to the fertilizer price freeze policy, which cost the company NT$1 billion over three years.
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- 📰 Published: May 28, 2026 at 18:33
- 🔍 Collected: May 31, 2026 at 23:53 (77h 20m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:43 (24h 50m after Collected)
During a review of the Ministry of Agriculture's budget, lawmakers raised concerns about the declining profits of Taiwan Fertilizer Co. (Taifer). Minister Chen Jun-ji explained that since 2021, the government has implemented a fertilizer price freeze. To maintain stability, the government and Taifer have split the cost of rising raw material prices 50-50. Taifer has absorbed approximately NT$1 billion over the past three years, leading to reduced profits. The Ministry of Agriculture remains the largest shareholder but prioritizes the social responsibility of ensuring stable fertilizer supply.
FAQ
What is the purpose of the fertilizer price freeze?
To stabilize agricultural costs and ensure food security.