Fertilizer prices today December 28, 2022: Urea fertilizer prices continue to decrease slightly in the Southwest and Central Highlands.

fertilizer prices today, December 28, 2022: Urea prices continue to decrease slightly in the Southwest and Central Highlands regions. The analysis team of MB Securities (MBS) commented that world fertilizer prices in the last months of 2021 and the first half of 2022 increased sharply due to tight supply from Russia and China. However, currently, fertilizer prices have begun to adjust downward due to increased supply. However, the price level is still high, helping businesses in this industry have positive business results. The adjustment of fertilizer prices will take place gradually. World fertilizer prices have decreased but still cause high costs in the agricultural sector, reducing demand. The risk of falling fertilizer prices will reduce the business efficiency of fertilizer manufacturing enterprises. SSI Securities maintains the view that urea prices in 2023 will decrease due to lower raw material prices (gas and coal). Major exporters (Russia and China) resume exports in 2023, putting downward pressure on urea prices. At the same time, fertilizer demand is falling due to lower agricultural prices. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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