Fertilizer market prices on August 20, 2023, latest fertilizer market

Fertilizer market prices on August 20, 2023: Fertilizer prices have decreased sharply since the beginning of the year but are expected to increase again in the context of the prolonged war situation in the world and high food prices. Mr. Vu Duy Hai, Director of Vinacam Fertilizer Group Joint Stock Company, predicted: Currently, localities are accelerating the progress of sowing and planting the winter-spring crop and the autumn-winter crop with an expected increase of 50,000 hectares compared to the same period last year. The price of domestic granular urea increased from 9,000 VND/kg at the end of June to over 11,000 VND in early August. The price of DAP 64 increased from 13,000 VND/kg to 15,000 VND in just a few weeks. The price of potassium, some types have increased by nearly 1,000 VND/kg. The above market turmoil is an opportunity but also a challenge for domestic fertilizer manufacturers and traders. However, according to Vinacam, it seems that favorable conditions are prevailing for domestic manufacturers and businesses to accelerate output and profits in the last months of the year. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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