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    Home > Food News > Food Articles > Fertilizer prices in Vietnam rise to highest level in nearly 50 years

    Fertilizer prices in Vietnam rise to highest level in nearly 50 years

    • Last Update: 2022-05-10
    • Source: Internet
    • Author: User
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       Vietnam's "Commercial Daily" reported on April 20 that the conflict between Russia and Ukraine led to a sharp rise in global fertilizer prices
    .
    Fertilizer prices in Vietnam have risen to the highest level in nearly 50 years

    .
     
      Feng Ha, secretary general of the Vietnam Fertilizer Association, said that the current price of urea is 18,000 VND/kg; the price of DAP fertilizer is 18,500-19,000 VND/kg; the NPK price is 16,000-16,500 VND/kg
    .
     
      The Russian-Ukrainian conflict increases the risk of disruption to the global fertilizer trade
    .
    Russia is a major fertilizer supplier with an average annual production of 50 million tons of fertilizers, accounting for 13% of global fertilizer production and more than 70% of European fertilizer production raw materials

    .
    Therefore, the impact of the Russian-Ukrainian war is causing sharp fluctuations in global fertilizer prices

    .
    In 2020, Russia's fertilizer export volume ranks among the top in the world, accounting for about 30% of the total global fertilizer demand, reaching 7 billion US dollars, followed by China with 6.
    6 billion US dollars

    .
     
      Rising fertilizer prices will affect food supply and prices.
    Russia and China, two countries that account for a large proportion of global fertilizer exports, have decided to restrict fertilizer exports to prevent shortages in the domestic market and lead to higher fertilizer prices

    .
     
      In Vietnam, in the first half of March, fertilizer prices rose by 300-700 VND/kg depending on the type, which was the third increase since the beginning of the year
    .
    price
     
      Feng Ha, secretary general of the Vietnam Fertilizer Association, said that the current price of urea is 18,000 VND/kg; the price of DAP fertilizer is 18,500-19,000 VND/kg; the NPK price is 16,000-16,500 VND/kg
    .
     
      The Russian-Ukrainian conflict increases the risk of disruption to the global fertilizer trade
    .
    Russia is a major fertilizer supplier with an average annual production of 50 million tons of fertilizers, accounting for 13% of global fertilizer production and more than 70% of European fertilizer production raw materials

    .
    Therefore, the impact of the Russian-Ukrainian war is causing sharp fluctuations in global fertilizer prices

    .
    In 2020, Russia's fertilizer export volume ranks among the top in the world, accounting for about 30% of the total global fertilizer demand, reaching 7 billion US dollars, followed by China with 6.
    6 billion US dollars

    .
     
      Rising fertilizer prices will affect food supply and prices.
    Russia and China, two countries that account for a large proportion of global fertilizer exports, have decided to restrict fertilizer exports to prevent shortages in the domestic market and lead to higher fertilizer prices

    .
     
      In Vietnam, in the first half of March, fertilizer prices rose by 300-700 VND/kg depending on the type, which was the third increase since the beginning of the year
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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