Fertilizer prices today April 18, 2022: Urea and Potassium prices have cooled down

fertilizer prices today, April 18, 2022: Urea and Potassium prices have cooled down. Imported fertilizer supply has decreased. In March 2022, the import volume of all types of fertilizers reached 320,000 tons, down 7.8% over the same period last year. This is the data recently announced by the Center for Information Technology and Statistics. This import volume is equivalent to 127.6 million USD, an increase of 55.8% in value over the same period in 2021. Vietnam mainly imports fertilizers from China (32.7%), Russia (13.8%) and Belarus (10.8%). The decrease in imported fertilizer volume is due to Russia recommending that businesses stop exporting to ensure the safety of these businesses in the context of shipping companies not accepting goods from Russia. This country accounts for about 16% of total Urea exports worldwide. Russia’s threat to cut off gas through the Nord Stream 1 pipeline has also increased concerns about gas shortages and pushed up urea prices. The selling price of this commodity is likely to increase more strongly than the increase in input gas prices in the context of China not restoring urea production due to coal shortages and high coal prices. After stopping coal imports from Australia, Russia became the second largest coal supplier to China after Indonesia. Russia’s withdrawal from the SWIFT system has disrupted imports, thereby reducing coal supply in China and pushing up urea prices in the short term. Under the impact of the above factors, urea prices may peak in March. However, this commodity may decrease from June when China gradually loosens its export policy and the coal shortage problem is gradually resolved. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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