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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
.
.
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
.
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
.
.
