Fertilizer prices today, August 19, 2022: Import sources are scarce, DAP prices are expected to increase

fertilizer prices today, August 19, 2022: Import sources are scarce, DAP prices are expected to increase According to the General Department of Customs, China is currently the leading country in importing fertilizers to Vietnam. In the face of escalating inflation, China has imposed quotas on phosphate-based products, which has significantly affected the Vietnamese market. In order to meet domestic demand, it is understandable that a country with a population of 1.4 billion people has imposed fertilizer quotas. The price of yellow phosphorus in China on August 17, 2022 was 4,428 USD/ton, up nearly 7% compared to the previous day, which is quite high. Domestically, phosphate-based fertilizers, typically DAP imported from China, are more scarce than ever. According to statistics from Viettraders, the supply of DAP imported to Vietnam has decreased significantly since April of the year. With the current situation of DAP fertilizer prices in Vietnam, it is forecasted that there will be a possibility of continued increase in the coming time. #fertilizer_price #farmers #western #fertilizer_price #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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