World fertilizer prices cool down, but domestic prices still increase?

In the world market, urea fertilizer prices decreased by 28-36 USD/ton in August due to India’s delay in purchasing. In contrast, in the domestic market, prices of many types of fertilizers continued to increase. After increasing sharply in the first months of the year, world urea prices have been adjusted downward since mid-July due to lack of purchasing demand. India’s delay in new urea tenders due to financial problems has forced suppliers to lower their prices to attract the interest of other buyers, mainly Brazil. In addition, high freight rates have also put pressure on FOB prices. On the CME exchange, the price of granular urea in the Middle East on August 31 was at 420 USD/ton (FOB) for the September 2021 contract, down 36 USD/ton compared to the highest level reached in mid-July. *********************************************** Thank you everyone for taking the time to watch my video. Remember to like and subscribe to the channel to support Nha Nong Mien Tay, everyone! ==================== Youtube channel provides information on products, prices, care techniques, and farming techniques of Nong Dan Mien Tay. Follow the channel Nha Nong Mien Tay: Follow the channel Tin tức Nhà Nông: Follow the channel Market prices of agricultural products in the West: Facebook Group: ★ To appreciate the information provided by the Nha Nong Mien Tay channel, please DONATE 💸 💸 Momo: 0902365859, Tran Van Trung #farmer #news #fertilizer

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