Fertilizer prices today March 6, 2022: Russia – Ukraine tensions have a big impact on the fertilizer market

fertilizer prices today, March 6, 2022: Fertilizer prices continue to stagnate at high levels, with NPK 20-20-15 alone exceeding 1 million VND/bag in some regions. The global Fertilizer market, which has faced many challenges over the past 18 months, continues to face new pressures from the Russia-Ukraine conflict. According to the International Fertilizer Institute (TFI), the level of crisis due to congestion arising from the Russia-Ukraine conflict remains an unpredictable unknown. In its midweek newsletter, TFI said it is very concerned about the instability occurring in Ukraine due to Russia’s military actions as well as Western sanctions that will affect the global Fertilizer market, while 90% of fertilizer flows are consumed outside the US. Russia is currently the world’s second largest producer of ammonia, urea and potash and the fifth largest producer of processed phosphates. The country accounts for 23% of the global ammonia export market, as well as 14% of urea, 21% of potash and 10% of finished phosphates. TFI also pointed out that the Russia-Ukraine conflict will cause tension and instability in the energy market because Russia supplies about a third of Europe’s natural gas supply, the main raw material for nitrogen fertilizer production. The new announcement said: “Given Russia’s huge fertilizer production and its role as the world’s leading fertilizer supplier, removing Russian production from the global market would impact supply.” ************************************************ Western Farmer Channel Updates the latest market prices of all types of fertilizers every day for you. ************************************************ Thank you for taking the time to watch the channel’s videos. Remember to like and subscribe to the channel to support Western Farmer! ==================== Youtube channel providing information on product prices, care techniques, and farming techniques of Western Farmer. Follow Western Farmer channel: Follow Western Farmer News channel: Follow Western Agricultural Market Prices channel: Facebook Group: #fertilizer_price #farmer #western #giaphanbon #giaure #giaphan #giadam #gianpk #giakali #nongnghiep #fertilizer #agricultural supplies

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