Fertilizer prices today April 7, 2022: Potassium and NPK fertilizer prices slightly adjusted down depending on the dealer

fertilizer prices today, April 7, 2022: Potassium and NPK fertilizer prices have slightly decreased depending on the dealer. It is forecasted that urea prices may decrease sharply from June onwards when China gradually loosens its export policy and the coal shortage problem is gradually overcome… Fertilizer prices have set records during the recent period due to the impact of the disruption of the commodity supply chain, mainly due to the recent escalation of Russia-Ukraine tensions. According to Green Markets’ North American Fertilizer Price Index, fertilizer prices last week were nearly 10% higher than the previous week and were the highest prices ever recorded. The average global fertilizer price is currently 40% higher than a month ago, before the escalation of geopolitical tensions. Global urea fertilizer prices have increased by 60.5% over the past year. Russia recommends that businesses stop exporting fertilizer to ensure the safety of these businesses in the context of shipping companies stopping receiving goods from Russia. This country accounts for ~16% of total urea exports worldwide. Russia’s threat to cut off gas through the Nord Stream 1 pipeline has increased concerns about gas shortages and pushed urea prices up sharply. Urea prices are likely to increase more than the increase in input gas prices in the context of China not restoring urea production due to coal shortages and high coal prices. China is facing difficulties in coal supply. After stopping coal imports from Australia, Russia became the second largest coal supplier to China after Indonesia. Russia’s withdrawal from the SWIFT system has disrupted imports, thereby reducing coal supply in China and pushing urea prices up in the short term. According to the latest assessment from SSI Research, the resumption of trade between Russia and European countries will take a long time after the Russia-Ukraine conflict cools down. Therefore, urea prices may peak in March and create short-term investment opportunities. However, it should be noted that urea prices may fall sharply from June onwards as China gradually loosens its export policy and the coal shortage problem is gradually resolved. Urea prices in Vietnam will follow the world price trend, but there may be a certain delay. #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

source