Fertilizer price today June 29, 2022: Urea price has decreased, why is DAP fertilizer price still high?

fertilizer prices today, June 29, 2022: Urea prices have decreased, why are DAP fertilizer prices still high? A noteworthy news today, when maintaining the Zero COVID policy has slowed down the local economy in China and put more pressure on the country’s budget. In this situation, China has also partly relaxed the campaign and increased the export of goods, including fertilizers, to other countries. According to data from the General Department of Customs, China is leading the fertilizer supply market for Vietnam in the first 5 months of the year. With abundant supply, Urea is currently showing a sharp downward trend both domestically and internationally. However, the domestic supply of DAP imported from China is still limited, which is the main reason why DAP prices are difficult to cool down and maintain high prices. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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