Fertilizer prices today August 22, 2022: fertilizer prices expected to escalate in the third quarter

fertilizer prices today, August 22, 2022: Fertilizer prices are expected to increase in the third quarter. In the Fertilizer market report for the third quarter, BIDV Securities Company (BSC) forecasts that the third quarter business results of fertilizer enterprises will continue to be positive thanks to high urea prices and improved consumption output. In addition, escalating raw material prices, Russia-Ukraine tensions and China and Russia continuing to apply measures to restrict fertilizer exports are factors supporting fertilizer prices in the third quarter. Specifically, BSC believes that fertilizer production costs remain high, in which natural gas and ammonia prices tend to continue to increase, while coal prices in China have cooled down but are still high compared to the same period in 2021. China has taken measures to cool down coal prices in this country such as reducing coal import tax to 0% from May 2022 to March 2023. At the same time, increase coal reserves by importing coal from Russia at a strong discount compared to world coal prices due to sanctions on coal, Russia shifts exports to China and India. #fertilizer_price #farmers #western_region #fertilizer_price #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural_materials #news #nongnghiep

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