Latest fertilizer prices today January 21, 2022 | update on fertilizer and agricultural materials market

Latest fertilizer prices on January 21, 2022 | Prices remain high. Urea transactions are gloomy, traders/agents mainly sell inventory. China has listed 29 types of exported fertilizers that will be under control and closely monitored, including urea and NPK. Experts say that by proactively supplying urea from 4 domestic factories, Vietnam has minimized the negative impact on fertilizer prices, because domestic urea production capacity has surplus for export. However, the Vietnam Fertilizer Association commented: It is possible that from now until the end of the year, oil prices may continue to increase, leading to raw materials such as ammonia, sulfur, etc. continuing to increase. This may affect domestic fertilizer prices. In fact, up to now, Vietnam has not been able to proactively control imported fertilizer prices as well as imported raw materials to serve domestic fertilizer production. Apart from some types of fertilizers that Vietnam can produce such as urea and phosphate fertilizers (both superphosphate and fused phosphate), the rest of the potassium and SA fertilizers must be imported. #fertilizer #farmers #western #agriculture #fertilizer #agricultural materials

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