Fertilizer prices today April 20, 2022: Fertilizer prices remain unchanged after yesterday’s downward adjustment

fertilizer prices today, April 20, 2022: Fertilizer prices are flat after yesterday’s downward adjustment. Fertilizer prices are 39% higher than the peak in 2008. Currently, compared to the peak in 2008, fertilizer prices are 39% higher. The war in Ukraine, which began on April 24, has had a major impact on the Fertilizer market, which was already hot before the war. Russia and Belarus account for about 40% of global potash exports, but both sources are being affected. Russia accounts for about 11% of world urea exports and 48% of ammonium nitrate. Russia and Ukraine export about 28% of global nitrogen, phosphorus, and potassium fertilizers. Supply chain disruptions due to sanctions and war have caused fertilizer prices to rise. Along with that, grain prices have also skyrocketed. “Fertilizer is a huge problem right now. Supply is very tight,” said Tony Will, CF Industries. In China, urea prices were 2,938 yuan ($460) a tonne for the week ending April 15, up 0.2% from the beginning of the week. Prices for this fertilizer rose 11.4% in March and are now about 10% higher than at the beginning of the year. DAP prices in China were 3,640 yuan ($571) a tonne, unchanged since mid-March. This commodity edged up about 1.3% from the beginning of the year. Some fertilizer raw materials also rose last week. Sulfur rose 2.4% to 3,543 yuan ($555) a tonne, while yellow phosphorus rose 0.5% to 36,666 yuan ($5,752). In March, when sulfur rose more than 41%, yellow phosphorus fell 6%. Currently, sulfur is 66% higher than the beginning of the year, yellow phosphorus is 16% higher. #fertilizer_price #farmers #western region #fertilizer_price #ure #fertilizer #dam price #giapk #giakali #agriculture #fertilizer #agricultural materials

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