fertilizer prices today, June 4, 2022: In the low season, but the prices of urea and potassium fertilizers have not decreased much. The Vietnamese Fertilizer market continues the downward trend with urea while DAP has little fluctuation. Due to the decrease in inventory and demand for fertilizers in some localities, some types of fertilizers such as urea and potassium have decreased by about 15,000 VND/50kg bag. However, this decrease is not much. The domestic Fertilizer market in the past 1-2 weeks has decreased compared to before. The reason is that the South has entered the end of the season, the demand for fertilizer is small, while the North has finished the season so there is no demand. According to Mr. Vu Duy Hai – General Director of Vinacam Joint Stock Company (HCMC), in the low season, the price of fertilizer has not decreased significantly. “Some dealers are short of money and want to sell off their cheap lots that they bought at the end of last year and the beginning of this year, so they are now selling off their goods but they are issuing very low invoices. At the same time, the price reduction also comes from the impact of the information about imposing export tax on fertilizers. On the other hand, the world price of urea has decreased by nearly 200 USD/ton compared to the beginning of April. Although the whole world is in the low season at this time, the price of potash and DAP fertilizers has remained stable, not decreased much. In particular, urea fertilizer is likely to decrease further but it will be difficult to fall below 15 million VND/ton,” Mr. Hai said. According to a director of a fertilizer trading company in Ho Chi Minh City, the information expecting a sharp price decrease comes from the United Nations and some European leaders proposing that Russia lift the blockade of Ukrainian seaports and Russia has actually opened a restricted corridor. However, Russia is demanding that the embargo on Russia be lifted, so the resumption of fertilizer exports is still very difficult. Initially, it will only be limited to the export of wheat and other famine-relief grains. “In short, there are not many expectations for fertilizer prices to decrease as before, at least in 2022,” he emphasized. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture
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Fertilizer prices today June 4, 2022: In the low season, but urea and potassium fertilizer prices have not decreased much
