Fertilizer prices today June 21, 2022: Fertilizer prices have cooled down: Will it last long?

fertilizer prices today, June 21, 2022: Fertilizer prices have cooled down: Will it last long? Currently, world urea prices have slightly cooled down in the past few days, and some domestic urea producers have also adjusted according to world prices. According to experts, the sharp decrease in world urea prices is due to China changing its policy to allow fertilizer exports again when the peak crop season in China has passed. With low domestic fertilizer consumption while the country’s fertilizer production capacity is up to 200 million tons/year, fertilizer producers have increased exports. At the same time, Russia – a country that supplies a large amount of urea globally – has also increased fertilizer exports to the Indian market and South American markets at prices 30% lower than the world price level. Thus, according to the overall analysis of world oil prices and urea price charts from the beginning of the year until now, experts assess that urea prices may cool down temporarily at a certain point. In the long term, it is difficult to confirm that urea prices will continue to decrease deeply. However, this is also a “bright spot” in the context of fertilizer prices continuously increasing and reaching peaks recently. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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