Fertilizer price today October 26, 2022: Fertilizer export increased by 166%, about to exceed 1 billion USD

fertilizer prices today, October 26, 2022: Fertilizer exports increased by 166%, about to exceed 1 billion USD Fertilizer exports are one of the sectors that still maintain a high growth rate and will record a new record when they exceed 1 billion USD for the first time. According to the General Department of Customs, by the end of the third quarter of 2022, fertilizer exports reached nearly 1.4 million tons, equivalent to 886 million USD, up 45% in volume and 166% in value over the same period in 2021. Fertilizer exports of all kinds are mainly to the following markets: ASEAN with 836,000 tons, up 20%; Indian market with 255,000 tons, nearly 12 times higher; South Korea with 85,000 tons, 3.6 times higher… According to many businesses, this year fertilizer exports have grown strongly thanks to positive changes in the world market and especially good prices. With the current growth rate, Vietnam’s fertilizer industry could set a new record in export turnover in 2022, surpassing the $1 billion mark for the first time. Fertilizer prices continue to remain high, posing a challenge to farmers, especially rice growers, as it is currently the winter-spring rice crop in the Mekong Delta. Meanwhile, the Ministry of Finance is still studying the policy of imposing a 5% export tax on fertilizer products. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

source