Fertilizer prices today June 3, 2022: Fertilizer prices of all kinds continue to move sideways

fertilizer prices today, June 3, 2022: Fertilizer prices of all kinds continue to move sideways. Domestic demand is slow, but urea factories are focusing on making export goods or maintenance. Meanwhile, distributors in the Southwest are requesting new orders to sell intermittently for summer-autumn rice and early third-crop rice. In the world market, urea and DAP prices remain unchanged at 477 USD/ton and 626 USD/ton. Since the beginning of May, urea prices have tended to go down. Currently, prices are about 2% lower than early May. Urea futures prices in the Middle East remain the same as the previous day and are at 700 USD/ton. Since the beginning of May, urea prices have decreased from 735 USD/ton to 700 USD/ton and have remained sideways since May 20. Recently, according to Tass news agency, the Russian cabinet said that the government has approved the continuation of fertilizer export quotas until the end of this year. The Russian government decided to continue imposing export quotas on nitrogen and NPK fertilizers of 8.3 million tons and 5.9 million tons, respectively, from July 1 to December 31 this year. Moscow’s move is aimed at preventing domestic supply shortages and rising food prices. Previously, Russia also limited fertilizer exports to 5.9 million tons of nitrogen fertilizers and 5.35 million tons of NPK fertilizers, respectively, from December 1, 2021 to May 31, 2022. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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