Fertilizer prices – fertilizer market information today March 28, 2022: DAP prices stagnate at high levels

fertilizer prices today, March 28, 2022: DAP prices are stable at a high level, domestic urea factories have also increased prices by 500 VND/kg compared to the price on March 14. Fertilizer prices increased by 40-50%, pushing up rice production costs, reducing the export competitiveness of Vietnamese rice. Every year, Vietnam uses an average of over 10 million tons of industrial fertilizers. The Ministry of Agriculture and Rural Development forecasts that the demand for fertilizers for agricultural production in 2022 will not fluctuate much compared to 2021, however, fertilizer prices are continuously increasing, threatening the competitiveness of Vietnamese rice in the world market, even in the domestic market. Talking to Lao Dong reporter, Mr. Nguyen Nhu Cuong – Director of the Department of Crop Production (Ministry of Agriculture and Rural Development) noted: Fertilizers account for over 20 to 25% of the cost of rice production. Currently, the price of this item is increasing sharply. To reduce agricultural production costs, farmers need to find ways to replace and use other types of fertilizers and implement the “5 rights”: Fertilize with the right type of fertilizer, fertilize with the right physiological needs of the plant, fertilize with the right ecological needs, fertilize in the right season and weather, fertilize with the right method… #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_fertilizer #potassium_fertilizer #agricultural_materials

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