Fertilizer market prices today March 6, 2024: Low demand for rice fertilization

Fertilizer market prices today, March 6, 2024: Low demand for rice fertilization, fertilizer prices continue to move sideways At this time, fertilizer prices are low compared to the same period last year. This is good news for farmers, but with market fluctuations, especially preparing to enter the 2024 Summer-Autumn crop with many unfavorable weather conditions, people cannot help but worry. Records at distributors and agricultural supply stores in the Mekong Delta show that in recent days, prices of many types of fertilizers have continued to decrease sharply. Compared to more than a month ago, prices of inorganic fertilizers such as urea, DAP, NPK and potassium have decreased significantly. Currently, the consumption of many types of fertilizers is quite slow because the 2023-2024 Winter-Spring rice crop in many localities in the Mekong Delta has entered the ripening and harvesting stage. This is also causing prices of many types of fertilizers to stagnate. Fertilizer prices this year are cheaper than last year. Firstly, the supply is abundant. Secondly, domestic factories are good, so there are many goods. Currently, the low price is due to the lack of demand from farmers. Most farmers do not buy fertilizer in advance, but usually buy it when they need it. Therefore, when the season comes, the demand often increases, pushing fertilizer prices up.

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