Fertilizer market prices today August 13, 2024: Fertilizer prices today continue to move sideways

Fertilizer market prices today, August 13, 2024: fertilizer prices today continue to move sideways, fertilizer prices are forecast to fluctuate little in the third quarter of 2024 According to VCBS Securities Company, at the end of the second quarter of 2024, world urea fertilizer prices recorded a slight increase of 1% over the same period and a decrease of 9% over the previous quarter, mainly due to: Excess supply in the market, especially in the Middle East. High inventories in Egypt, Algeria, Nigeria have put pressure on prices; Low demand, India cuts purchasing output; Prices increased again in late May and early June mainly due to tight supply in Egypt due to gas shortages. In addition, news that China’s exports may continue to be delayed has supported the upward price trend. VCBS believes that Urea fertilizer prices in the third quarter of 2024 will decrease again in July and August before increasing again at the end of the third quarter due to: The Urea market in the third quarter will still be under a lot of pressure on supply; Demand in import markets is expected to increase again from September when entering the world’s crop season (wheat, corn). #fertilizerpricetoday #nhanongmientay #nhanong #mientay #giaphanbon #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural materials #news #nongnghiep

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