Fertilizer prices today February 19, 2022 | Latest information on fertilizer and agricultural materials market

Latest fertilizer prices on February 19, 2022: Fertilizer prices continue to remain stable. DAP offers in Vietnam are stagnant at high levels due to limited imports. Fertilizer demand for main production crops is falling to its lowest level. In the context of the 2021-2022 Winter-Spring crop entering its low season, domestic fertilizer demand reached its lowest point in the first quarter of 2022, and is expected to continue to decrease in the coming time. Fertilizer companies have proactively exported to a number of international markets. This is a suitable solution to regulate domestic consumption and export activities, helping to maintain continuous production and reduce inventories and excess domestic supply. Early 2022 is the low consumption period nationwide, due to the specific nature of the crop in areas that have entered the harvest period, so the demand for fertilizer is no longer as tense as in the fourth quarter of 2021. Specifically, in the Southwest region, many rice fields have ripened, while in the Southeast and Central Highlands regions, coffee has entered the harvest stage and pepper is about to end its harvest. In some northern localities and central provinces, consumption demand is no longer as high as before. In general, the demand for fertilizer nationwide is weakening while the supply is abundant from major domestic fertilizer brands, causing the pressure to sell and reduce product inventory to become very high, forcing businesses to find international markets with demand for consumption. Proactively exporting in a state of domestic “oversupply” and preparing goods for Summer-Fall 2022 #fertilizer_price #farmers #western region #fertilizer_price #urea #fertilizer #dam #giadam #giapk #giakali #nongnghiep #fertilizer #agricultural materials

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