Fertilizer price today March 10, 2023: domestic DAP fertilizer price has also decreased slightly

fertilizer prices today, March 10, 2023: In recent days, domestic DAP fertilizer prices have also decreased slightly, as import prices of DAP fertilizers are tending to decrease. In addition to the optimistic information when the price of Vietnamese agricultural products is on the way to recovery, domestic fertilizers are also receiving positive signals, when the price level tends to stabilize, and DAP products in particular have also decreased slightly in recent days. Yellow phosphorus is an important input material for DAP fertilizers. However, the production of yellow phosphorus is less related to gas, but instead requires more thermal power. China is the world’s leading producer of yellow phosphorus. With China opening up and going through the period of living with the epidemic, the pressure on the supply of DAP fertilizers has also been reduced. According to Viettraders’ reports, the price of DAP fertilizers in the world has remained stable in the past time after being adjusted down in the first days of the year.

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