Fertilizer prices today September 8, 2022: What are the reasons for the recent increase in fertilizer prices?

fertilizer prices today, September 8, 2022: What are the reasons for the recent increase in fertilizer prices? The aftermath of unusual political instability is causing fertilizer prices to increase across countries. Since the Russia-Ukraine conflict broke out in early March, the world has witnessed a fertilizer supply crisis, causing fertilizer prices to set a record high in the past 50 years. At present, political tensions have put pressure on the Fertilizer market with a new crisis: the “Gas Crisis”. The lack of gas is causing fertilizer companies’ production to stagnate, and the world’s fertilizer supply is once again disrupted. Along with that, sanctions from the European Union against Belarus, a country that accounts for 20% of global potash supply, have created a gap for this commodity. In addition, the end of export restrictions in China and Russia is still not very promising, the two countries that account for the largest amount of fertilizer exports globally have put considerable pressure on fertilizer prices. Another impact is no less significant, when the prices of raw materials used to produce fertilizers are increasing at an unprecedented rate, such as the price of sulfur has doubled compared to last year; and urea has increased by more than 89%. These are the reasons why fertilizer prices are rising. Of course, the Vietnamese market will also be significantly affected by these issues. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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