Fertilizer prices today August 25, 2022: Fertilizer products are under additional pressure on shipping costs

fertilizer prices today, August 25, 2022: Fertilizer products are under additional pressure on shipping costs. Facing global fluctuations, the Vietnamese Fertilizer market is currently facing a series of challenges. From expensive imported supplies to high production fuel costs. In addition to the above challenges, there is another problem that the fertilizer industry is facing, which is the pressure on shipping costs. In fact, shipping costs have increased due to supply chain disruptions since the pandemic began two years ago. However, the conflict between Russia and Ukraine has made this problem even more challenging. In addition, the recent gas crisis is also the main reason for the increase in shipping costs. Recent statistics show that spot sea freight rates between the two largest economies in the world have increased nearly 3.5 times in the period from January 2020 to May this year. That is also part of the reason why potassium fertilizer products depend entirely on imported sources, incurring additional costs, and are unlikely to decrease significantly. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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