Fertilizer prices – Fertilizer market information today April 14, 2022: Potassium fertilizer prices continue to increase

fertilizer prices today April 14, 2022: Potassium fertilizer prices continue to increase. Given the Russia-Ukraine war situation, even if a peace agreement between Russia and Ukraine is signed and the international community gradually lifts sanctions, global production and trade connections cannot be restored overnight to the same level as before. Certainly, the food, energy, fertilizer, etc. crisis is still present and countries will find it difficult to find solutions even until the end of 2022. FOR THE UREA MARKET Most of the major producers in Southeast Asia have run out of stocks for delivery from April to the first half of May. Pupuk Kaltim (Indonesia) last week organized a tender to sell 90,000 tons of clear and opaque granules for delivery in May-June, the tender was canceled because the highest price was only 890 FOB, there was a rumor that an order was accepted at 945 FOB but it seems that this is a smokescreen from the seller. We heard that Pupuk may have another shipment of 45,000 tons of opaque granules. Petronas (Malaysia) is currently only delivering at formula prices to traditional buyers for delivery in late May-June. BFI (Brunei) has not really resolved the legal problems with buyers after the incident last month. India has received 1.5 million tons of urea (0.5 million tons from Russia). Although the Kharif crop is very close, with relatively poor rainfall, India seems to have more time to bet on whether the market will cool down in the coming months. The rainy season has been slow, causing demand in Southeast Asia to slow down. Buyers seem reluctant to pay more than 850 FOB for new shipments. The general price level has also adjusted as some importers are under pressure from banks to accept cheap sales. In Vietnam, after a period of excitement since the end of March, the urea market has also started to cool down and most importers have prepared enough goods for the beginning of the winter-spring crop. Faced with the situation that world prices are higher than domestic prices, Urea factories and traders are taking advantage of exporting from production sources, import sources or domestic purchases. In general, as stated in Vinacam’s newsletter on March 4, 2022, after increasing to 18,500/kg, Vietnam’s Urea price has leveled off at 17,500/kg, quite attractive for export when the domestic market is low and there is no purchasing power. In general, Urea prices are in a correction trend after a hot increase of nearly doubling from 550FOB Southeast Asia within 4 weeks. According to VInacam, with positive signals from Iran nuclear negotiations, supply will improve and the world price for May will likely be around 800-850 FOB. In particular, opaque urea in Vietnam is likely to increase as export activities are very active and the crop season in the South will start from the end of April until the end of May when the rainy season arrives. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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