Fertilizer prices today, November 7, 2022: Fertilizer prices continue to stagnate at high levels.

fertilizer prices today, November 7, 2022: Fertilizer prices continue to stagnate at high levels. The upcoming Winter-Spring peak crop season, fertilizer industry businesses can benefit greatly. In a recent fertilizer industry update report, Rong Viet Securities Company (VDSC) assessed that fertilizer prices have cooled down and remained stable for many months after increasing sharply at the end of the first quarter of 2022 due to the impact of the Russia-Ukraine conflict. However, the world’s fertilizer supply, especially Urea in Europe, is still in shortage, resulting in Urea prices rebounding since September 2022. Accordingly, VDSC forecasts that the selling prices of fertilizers will remain high in the fourth quarter of 2022 when the Winter-Spring crop begins and lasts through the first quarter of next year. At the same time, the ongoing Russia-Ukraine tension, Russia’s imposition of urea fertilizer export quotas at the end of December 2022, and China’s restricted fertilizer exports are likely to cause fertilizer prices to increase in the coming time. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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