Fertilizer prices today, July 28, 2022: Continued slight decrease with Urea products

fertilizer prices today, July 28, 2022: Continued slight decrease with Urea products. The domestic Fertilizer market in recent days has recorded signs of stability or flat prices for some fertilizers, even a slight decrease, especially for Urea products. Not only in Vietnam, the situation of decreasing cultivated land area has appeared in many places around the world. While production costs are constantly increasing, agricultural product prices are decreasing, not meeting the prices expected by farmers. Farmers are having the mentality of abandoning the crop. As a country with a long-standing rice agriculture, the demand for fertilizers for rice is very large. However, recent statistics show that the area of ​​land for summer-autumn rice cultivation has decreased significantly compared to last year’s crop. For example, in the 2022 summer-autumn crop in the South, the total area planted in the whole region is over 1.5 million hectares, a decrease of 20,000 hectares compared to the 2021 summer-autumn crop. The Mekong Delta is also in the same situation, planting over 1.49 million hectares, a decrease of 16,000 hectares compared to last year. From what can be seen, the demand for fertilizer has decreased significantly, so the decrease in Urea prices is understandable. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

source