Fertilizer price today June 23, 2022: Urea fertilizer price in the Southwest continues to decrease by 30,000 – 40,000 VND/bag

fertilizer prices today, June 23, 2022: Urea prices in the Southwest region continue to decrease by 30,000 – 40,000 VND/bag According to a survey, many rice farmers in the Mekong Delta are tending to plant late in the summer-autumn crop and are at risk of skipping the upcoming autumn-winter crop. Along with that, the recent sharp increase in gasoline prices is putting pressure on production costs, farmers are having the mentality of reducing their growing area. That is the main reason why the current demand for fertilizer is much lower than last year. In addition, with the situation of falling world prices, domestic fertilizer prices also tend to decrease. Urea prices on the world market have cooled down in recent days. Specifically, in the Chinese market, urea prices fluctuate around 460 USD/ton. The price of this commodity has continuously decreased since June 15 and is currently about 5% lower than the peak in mid-May. Part of the reason is that China has changed its policy to allow fertilizer exports again when the peak crop season in this country has passed. Along with that, Russia is also boosting fertilizer exports to India and South America at prices 30% lower than the world average. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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