Fertilizer prices today September 26, 2022: Many factors can push up urea prices

fertilizer prices today, September 26, 2022: Many factors can push up urea prices. Ca Mau urea prices are currently up 13% compared to the end of August. Improved fertilizer demand as we enter the biggest crop season of the year and rising rice prices will boost fertilizer consumption. World urea prices show signs of increasing due to reduced supply, which will cause domestic prices to rise. World urea supply is declining due to the gas crisis in Europe, causing many urea plants to close. According to S&P Global Platts estimates, due to the storm of soaring raw material prices, mainly natural gas, Europe has cut about 25% – 30% of nitrogen fertilizer capacity and at least about 50% of ammonia (NH3) capacity in Europe has been cut. BSC believes that the reduction in fertilizer production in Europe will be more severe when the region enters the cold season (October to March every year), the increased demand for gas will push up the cost of fertilizer production even higher. In addition, fertilizer supply is unlikely to increase sharply in the short term to compensate for the shortage because fertilizer factories often operate at nearly maximum capacity of 85-100%. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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