Fertilizer prices today January 23, 2022 – update agricultural materials market information every day

Latest fertilizer prices on January 23, 2022 | Continue to stagnate at a high level. SA prices in the Vietnamese market decreased in line with world prices. NPK prices traded on the market increased in the context of sluggish demand in some regions. Entering 2022, the world Fertilizer market showed signs of slowing down. However, the oil market is heating up again, gas and coal prices are still high, the global supply chain will take some time to be cleared to normal levels while the strong demand for agricultural products will cause the imbalance in fertilizer supply and demand to continue for many more months. Potassium prices on the world market may increase rapidly again after the US imposed sanctions on the Belarus Potash Company (BPC). Meanwhile, to ensure domestic supply, major fertilizer producing countries such as China, Russia and Egypt are still restricting or stopping urea exports. In China, which is aiming to keep skies clear for the upcoming Winter Olympics, the country is still ready to require factories to temporarily halt production to curb air pollution. Last year, the country restricted fertilizer exports late last year to help protect domestic supplies. With the factors that drove up fertilizer prices in 2021 persisting into 2022, the global Fertilizer market is expected to remain in a state of high prices and tight supplies this year. #fertilizer #Western farmers #Western farmers #agriculture #farming #fertilizer

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