Fertilizer price today July 29, 2022: Fertilizer price is expected to continue to cool down in the coming time

fertilizer prices today, July 29, 2022: Fertilizer prices are expected to continue to cool down in the coming time. Before the news that about 20 million barrels of crude oil will be released from the US strategic oil reserve, world oil prices continued to decline sharply. Fertilizer prices will also cool down partly from this information. Last month, while the war between Russia and Ukraine was tense, Vietnam was suffering from a surge in gasoline prices, along with that, the prices of commodities affected by production costs such as oil and gas were also sky-high. Notably, fertilizers that depend entirely on imported sources such as DAP fertilizer are currently priced at nearly 1.4 million VND per 50 kg bag. However, in the coming time, VnDirect forecasts that fertilizer prices will decrease because this item in North America has dropped sharply since March. At the same time, in the context of booming demand for electric vehicles and a shortage of supply, China has increased its yellow phosphorus capacity, helping fertilizer prices in general cool down in 2023. #fertilizer_price #farmers #western #giaphanbon #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural supplies #news #nongnghiep

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