Fertilizer prices today, May 8, 2023: Under pressure from oversupply, fertilizer businesses face difficulties

fertilizer prices today, May 8, 2023: Fertilizer prices continue to remain unchanged in the regions. Under pressure from oversupply, fertilizer businesses are facing difficulties. According to a report by KIS Vietnam Securities Joint Stock Company (KIS), high global fertilizer supply and the reopening of China – the leading fertilizer exporting country – may continue to push prices down further. In particular, the psychology of buyers waiting for better prices makes it difficult for fertilizer prices to recover. Currently, fertilizer companies are recording high inventory levels. Domestic production capacity has exceeded current domestic demand by at least 40%. Due to falling fertilizer prices, farmers are delaying their purchase decisions to wait for better prices, which may lead to high fertilizer inventory values ​​and a decline in fertilizer sales in the first quarter. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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