Fertilizer price today April 17, 2022: Warning of supply shortage, fertilizer will set new price

fertilizer prices today, April 17, 2022: Warning of supply shortage, fertilizers will establish a new price level. Many fertilizer products such as DAP, NPK, and potassium will soon increase in price again when imports are difficult due to countries restricting exports, while domestic supply is scarce. Vinacam has just commented that the Fertilizer market in April and the second quarter of 2022 is greatly affected by the Russia-Ukraine war. For Urea fertilizer, most major manufacturers in Southeast Asia have run out of goods for delivery from April to the first half of May. In Vietnam, after a period of excitement since the end of March, the Urea market has also begun to cool down and most importers have prepared enough goods for the beginning of the Winter-Spring crop. In the context of world prices being higher than domestic prices, Urea factories and traders are taking advantage of exporting from production sources, import sources or domestic purchases. “In general, as stated in our newsletter on March 4, 2022, after increasing to VND 18,500/kg, the price of Vietnamese urea has stabilized at VND 17,500/kg, which is quite attractive for export when the domestic market is low and there is no purchasing power,” Vinacam commented. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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