Fertilizer price today September 29, 2022: Fertilizer price expected to increase sharply by the end of 2022

fertilizer prices today, September 29, 2022: Fertilizer prices are expected to increase sharply by the end of 2022. The Vietnam Fertilizer Association informed that the country currently needs about 11 million tons of fertilizer per year, including both inorganic and organic fertilizers. Meanwhile, Vietnam’s production capacity is only about 7 million tons, the rest must be imported (about 4 million tons). At this time, fertilizer prices have begun to increase after a period of decline, and are expected to increase sharply in the fourth quarter of 2022 and early 2023 due to a shortage of supply. To stabilize the market, fertilizer manufacturers need to continue to maintain maximum capacity, limit exports, supply promptly and give maximum priority to the domestic market. Along with that, businesses need to proactively source input materials, plan production, business, market, harmonize interests and transparent prices… #fertilizer_price #farmers #western #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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