Fertilizer prices today March 23, 2022 | Latest information on fertilizer and agricultural materials market

fertilizer prices today, March 23, 2022: Fertilizer prices of all kinds continue to stagnate at high levels with increases and decreases from 20,000 – 40,000 VND/bag depending on the dealer. DAP fertilizer is expected to continue to increase due to scarce supply. According to the Agromonitor Agricultural Market Analysis and Forecast Center, Potassium prices in Vietnam have increased sharply in recent days due to concerns about tight Potassium supply in the world market due to Western sanctions against Russia and Belarus. Currently, fertilizer suppliers in Southeast Asia are out of stock until mid-April 2022. For Potassium fertilizer, Belarus and Russia are the two largest suppliers in the world, accounting for 40% of global supply. With the current panorama, Potassium prices will skyrocket in the near future, especially Potassium flakes. Suppliers all confirmed that in the coming time, there will be no more imported potassium from Russia, Belarus and taking advantage of the opportunity, Israel and Canada have all offered record high prices. In the whole region, the price of Urea has increased from 200 to 250 VND/kg. In the face of unpredictable fluctuations in the world, fertilizer prices have increased from 5 to 8%. This is the third consecutive time since Tet that the prices of Urea, DAP, NPK, Potassium fertilizers… have increased simultaneously. Currently, the southern provinces of Vietnam are in the harvest stage and will start the new crop from the first half of April. The northern provinces have entered the winter-spring rice fertilization season, so the demand for fertilizers is gradually increasing. Agricultural product prices have improved a lot recently and have the potential to increase strongly due to the world’s huge demand for food, so it is likely that farmers will increase the output for the new crop, thereby increasing the demand for fertilizers. The disruption of fertilizer imports from Russia has led to continued increases in domestic fertilizer prices. Currently, DAP fertilizer prices have increased by 46% and are currently at an average price of 874 USD/ton. The Western Farmers Channel updates the latest market prices of all types of fertilizers every day for you. *********************************************** Thank you for taking the time to watch the channel’s videos. Remember to like and subscribe to the channel to support the Western Farmers! ==================== The Youtube channel provides information on products, prices, care techniques, and farming techniques of the Western Farmers. Follow the Western Farmers channel: Follow the Farmers’ News channel: Follow the Western Agricultural Market Prices channel: Facebook Group: #fertilizer_price #farmer #western #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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