Fertilizer prices today August 6, 2022: Many types of fertilizers still increase in price

fertilizer prices today, August 6, 2022: Many types of fertilizers are still increasing in price. Urea fertilizer prices have now decreased by more than 20% compared to the peak in March. However, other fertilizer products remain high, showing no signs of cooling down, and even increasing in price. Mr. Vu Duy Hai, General Director of Vinacam Joint Stock Company, said that Urea fertilizer prices have decreased sharply recently due to the end of the main rice production season. In addition, the sharp decrease in world Urea prices has caused domestic fertilizer prices to cool down as well. Explaining why Urea prices have decreased sharply, but other fertilizers remain high, Mr. Hai said that the Fertilizer market is still greatly affected by the Russia-Ukraine conflict. Russia has tightened fertilizer exports, and due to the impact of the embargo, trading and payment activities are extremely difficult. “The supply of DAP and potassium fertilizers is not abundant, while currently imported from China, in addition to being taxed at 5%, fertilizer products are also subject to defense tax, so the cost of capital is high, affecting production prices,” Mr. Hai shared. #fertilizer_price #farmers #western_region #fertilizer_price #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural_supplies #news #nongnghiep

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