Fertilizer prices today October 5, 2022: Prices slightly decreased in the regions

fertilizer prices today, October 5, 2022: Prices slightly decreased in the regions. Today’s fertilizer prices slightly decreased from 10,000 – 20,000 VND/bag for Urea and DAP fertilizers in the regions, due to low demand. Meanwhile, the world market faces a new fertilizer crisis. The United Nations is urging efforts to cool global fertilizer prices to avoid falling into a “future crisis” in fertilizer supply. A senior UN trade official involved in negotiations to boost Russia’s fertilizer exports said that the Russia-Ukraine conflict has caused a global food crisis and led to a spike in fertilizer prices. Meanwhile, both Russia and Ukraine are key grain exporters in the world food market, and Russia is also one of the largest fertilizer exporters. “If we don’t bring down fertilizer prices now, a crisis in the future is inevitable,” Rebeca Grynspan, secretary-general of the United Nations Conference on Trade and Development (UNCTAD), told reporters in Geneva. Russia is one of the world’s largest suppliers of potash, phosphate and nitrogen fertilizers – three products that are important nutrients for soil and crops – producing 13% of global food production, according to UNCTAD. But Russian fertilizer exports fell 7% in the first half of 2022. Despite a July 22 deal between the United Nations and Turkey to facilitate Russian food and fertilizer exports under a package deal and restart Black Sea grain and fertilizer shipments from Ukraine, Russia has so far complained that its exports are still being hampered. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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