Fertilizer price today July 10, 2022: Urea is unlikely to decrease further

fertilizer prices today, July 10, 2022: Urea is unlikely to decrease further According to information from the Ministry of Industry and Trade, in the remaining 6 months of 2022, prices of imported goods and raw materials will continue to remain high. This will cause domestic commodity prices to increase, putting great pressure on production and business activities. In particular, the fertilizer industry may be most affected, because oil and gas are important raw materials for fertilizer production. Currently, the price of US light sweet crude oil (WTI) for delivery in July 2022 has increased by 2.27 USD (2%) to 117.58 USD/barrel in the New York market. Brent crude oil for delivery in August 2022 increased by 1.3 USD (1.1%) to 119.81 USD/barrel in London. This shows that the price of urea is cooling down due to the recent low demand, which is only short-term. Experts predict that the price of urea is unlikely to decrease further. #fertilizer_price #farmers #western #fertilizer_price #ure #fertilizer #dam price #giapk #giakali #agriculture #fertilizer #agricultural materials #news #agriculture

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