Latest fertilizer prices today December 16, 2021 | Update prices of fertilizer and agricultural materials market

Latest fertilizer prices today December 16, 2021: Urea fertilizer prices in the Southwest region decreased slightly by VND20,000/kg. Other fertilizers remained unchanged. Some localities where fertilizer companies are applying promotions for customers buying products, however, the discount applied is insignificantly reduced by VND50-100/kg. Farmers around the world are facing a fertilizer price shock, which could lead to production cuts and increased food security risks. Fertilizer costs have skyrocketed this year amid rising demand and lower supply due to record natural gas and coal prices leading to production cuts in the energy-intensive fertilizer sector. But analysts say the tight fertilizer supply situation will worsen early next year. Farmers in Europe, North America and North Asia all need to increase purchases for spring crops, while key producers China, Russia and Egypt have restricted exports to ensure domestic supplies. The Western Farmers Channel updates the latest market prices of all types of fertilizers every day for you. *********************************************** Thank you everyone for taking the time to watch the channel’s videos. Remember to like and subscribe to the channel to support the Western Farmers! ==================== Youtube channel provides information on products, prices, care techniques, and farming techniques of the Western Farmers. Follow the Western Farmers channel: Follow the Farmers’ News channel: Follow the Western Agricultural Market Prices channel: Facebook Group: #fertilizer_price #farmer #western #fertilizer_price #fertilizer_price #fertilizer_price #fertilizer_price #fertilizer_price #potassium_price

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