Fertilizer price today August 31, 2022: Limited supply of Ammonium, will DAP increase sharply?

fertilizer prices today, August 31, 2022: Limited supply of Ammonium, will DAP increase sharply? It can be said that 2022 is a turbulent year for the Fertilizer market. In the first months of the year, the market is witnessing many unusual developments that have left many fertilizer businesses unable to react. The most typical example is the recent gas crisis, several large fertilizer manufacturing corporations in Europe have been forced to temporarily suspend operations due to excessive gas pressure, causing the corporations to not have enough funds to maintain production. For example, this year, Yara has had to temporarily suspend production twice at its factories in Italy and France. At the peak, today, Yara announced that it will further reduce ammonium production and from today will only use 35% of the group’s production capacity. Poland’s largest fertilizer manufacturing corporation, Azoty, is also ‘taking the hit’ from gas prices. Azoty’s announcement stated: “Due to the record high price of natural gas – the main raw material used in Azoty Group’s production, the company has decided to temporarily suspend operations of the unit producing nitrogen fertilizer, caprolactam and polyamide 6 from August 23, 2022”. In the domestic situation, the most commonly used ammonium-containing product is DAP, the price of which has been recorded as unchanged in recent months. According to experts’ forecasts, if the entire Europe stops producing ammonium fertilizer, there is a risk that this product will be scarce and increase rapidly in the future. #fertilizer_price #farmers #western #giaphanbon #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural supplies #tintuc #nongnghiep

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