Fertilizer prices today September 28, 2022: Domestic factories are preparing to announce new price increases

fertilizer prices today, September 28, 2022: Domestic factories are preparing to increase new prices. The domestic Fertilizer market continues to trade slowly, Domestic factories are preparing to increase new prices. Vietnam’s largest fertilizer export markets are all in Asia, with Cambodia leading the market share, but impressive growth is in the Korean market. According to the latest information from the General Department of Customs, in the first half of September (September 1-15), the whole country exported 85,195 tons of fertilizer, with a turnover of nearly 48.6 million USD, thereby raising the results from the beginning of the year to September 15 to 1,313,318 tons, with a turnover of 840.54 million USD, up 52.78% in volume and 71.64% in turnover over the same period last year. In terms of markets, fertilizers are mainly exported to countries and territories in Asia. In particular, the Cambodian market leads when accounting for 27.5% of the total volume and 22.9% of the total fertilizer export turnover of the country, with 337,478 tons, turnover of 180.4 million USD (updated according to the market by the end of August), down 7.8% in volume, but up 34.9% in turnover and up 46.2% in average value compared to the same period in 2021 (average price in this market reached 534.6 USD/ton). Although not the largest market, fertilizer exports to Korea have had a sudden and most notable growth. In the first 8 months of the year, fertilizer exports to South Korea reached 84,493 tons, turnover of 63.17 million USD, average price of 747.6 USD/ton, a sharp increase of 427% in volume, 1,385% in turnover and 181.8% in average price, accounting for over 7% in volume and 8% in total fertilizer export turnover of the country. Other major markets such as: Malaysia reached 105,677 tons, turnover of 54.8 million USD, average price of 518.6 USD/ton, an increase of 59.3% in volume and 287.7% in turnover, average price increased by 143.3%; Philippines market reached 62,877 tons, turnover 48.97 million USD, average price 778.9 USD/ton, up 92% in volume, up 328.5% in turnover, average price increased 123%… #fertilizer_price #farmers #western #fertilizer_price #ure #price #dam #gianpk #giakali #nongnghiep #fertilizer #agricultural materials #news #nongnghiep

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