Fertilizer price today August 16, 2022: Fertilizer imports increased by 49%, China supplied the most

fertilizer prices today, August 16, 2022: Fertilizer imports increased by 49%, China supplied the most According to the latest statistics of the General Department of Customs, fertilizer imports in the first half of July 2022 reached 74,081 tons, worth 30.455 million USD. From the beginning of the year to July 15, fertilizer imports of all kinds reached 1,851,232 tons and 874.644 million USD. Compared to the same period last year, it increased by 49.42% in volume and 19.17% in value. In the first 6.5 months of the year, the amount of imported fertilizer was nearly 808 thousand tons higher than the export. China is still the leading fertilizer supplier to Vietnam, accounting for 47% of the total volume and 40.7% of the total turnover, reaching 838,158 tons, equivalent to 344.74 million USD, with an average price of 411.3 USD/ton, down 19.3% in volume, but up 22.7% in turnover and up 52% ​​in price compared to the same period in 2021. The Russian market ranked second, accounting for 8.4% of the total volume and 11.5% of the total turnover, with 149,365 tons, equivalent to 97.28 million USD, with an average price of 651.3 USD/ton, down 23% in volume, but up 56.3% in turnover and up 103.3% in price compared to the first 6 months of 2021. It is forecasted that fertilizer prices may continue to decrease until the end of 2022 and last into the year. 2023 before a new price level is formed. In addition, the sharp increase in global fertilizer inventories is also a sign that fertilizer prices will continue to decrease in the coming time. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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