Fertilizer prices today January 30, 2022 | Update prices of fertilizer and agricultural materials market

Latest fertilizer prices on January 30, 2022 | Fertilizer prices have not fluctuated. Urea exports from countries will be boosted in the second half of 2022, so urea prices will cool down when more supply is released to the market… Assessing the outlook for 2022, according to SSI Research, global urea prices may remain high throughout the winter, as the current coal shortage in China and gas shortage in Europe still make it difficult to increase production output. Therefore, urea prices may still maintain double-digit growth in the first 6 months of 2022 compared to the same period, while the second half of 2022 may decline from the high level in the second half of 2021 as coal and gas shortages are gradually resolved. According to the World Bank, China’s export suspension will last until June 22, 2022. Meanwhile, Russia’s export quotas are applied from December 2021 to May 2022. Therefore, urea exports from these countries will be boosted in the second half of 2022, so urea prices will cool down when more supply is available on the market. #fertilizer #fertilizer price #fertilizer #nhanong #mientay

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