Fertilizer prices on March 17, 2022: Fertilizer prices of all kinds in the Southeast increased slightly from 10,000-30,000 VND/bag

fertilizer prices today, March 17, 2022: Fertilizer prices of all kinds in the Southeast region increased slightly from 10,000 – 30,000 VND/bag. NPK factories adjusted prices up. Demand increased. URE prices tend to decrease. Brazil – the leading fertilizer importer – proposed to remove fertilizers from the sanctions imposed on Russia. Russia is a low-cost fertilizer exporter. The country called on fertilizer producers to reduce exports this month, raising concerns about shortages. The Russia-Ukraine conflict also boosted the price of natural gas – the input material for most nitrogen-containing fertilizers. This forced some European producers to cut fertilizer production. At the same time, prices of common foods such as wheat and corn also skyrocketed as the war in one of the countries considered the world’s “bread basket” is threatening global food security. Russia plays a major role in supplying fertilizer to the Brazilian and EU markets. Meanwhile, high gas prices in the second half of 2021 have caused some EU fertilizer plants to close and reduce capacity. It is likely that countries such as Ukraine, the Netherlands and Germany will be heavily affected. Most recently, Yara – one of the world’s largest fertilizer producers – said it had cut ammonia and urea production by 50% in Italy and France due to high natural gas prices. Countries that usually import fertilizer from Russia are now struggling to find it elsewhere. Brazil – a leading fertilizer importer – proposed to exempt fertilizers from sanctions imposed on Russia at a meeting of the Food and Agriculture Organization of the United Nations next week. The plan has support from Argentina and other South American countries. #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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