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    Home > Food News > Food Articles > Philippine Department of Agriculture considers importing more fertilizers

    Philippine Department of Agriculture considers importing more fertilizers

    • Last Update: 2021-08-26
    • Source: Internet
    • Author: User
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    According to a report by the Philippine Business Mirror on August 9, the Philippines is considering importing fertilizers and selling them to farmers at subsidized cost prices to ease the soaring prices of agricultural inputs in recent weeks
    .
     
    Ministry of Agriculture, long Dahl said the Department of Agriculture (DA) is studying the lower fertilizer prices Philippine domestic market
    .
    By cooperating with international suppliers or their subsidiaries, the government can import from other countries and sell them at an affordable price, so that the price of fertilizers can be truly reduced
    .

     
    The Fertilizer and Pesticide Administration (FPA) stated that the Philippines has not been spared from the problem of global fertilizer supply due to increased demand in various countries and increased inventories in some countries
    .
    Nevertheless, the Philippines currently has sufficient stocks, as of June 21, it is close to 300,000 tons, and it can survive the next crop season
    .
    However, Filipino farmers will have to endure high fertilizer prices and are expected to remain high by the end of this year, especially phosphate and urea
    .
     
    According to FPA data, the average price per ton of imported fertilizers rose by 20% to US$276.
    16 from January to May
    .
    During this period, the Philippines' imports of chemical fertilizers increased by 2.
    44% year-on-year by about 90 tons, while imports increased by 23% to US$247 million
    .
    The latest data in August showed that the average price of chemical fertilizers was US$500 per ton, an increase of 40.
    5%
    .

    Import price
     
      Ministry of Agriculture, long Dahl said the Department of Agriculture (DA) is studying the lower fertilizer prices Philippine domestic market
    .
    By cooperating with international suppliers or their subsidiaries, the government can import from other countries and sell them at an affordable price, so that the price of fertilizers can be truly reduced
    .

    Ministry of Agriculture
     
      The Fertilizer and Pesticide Administration (FPA) stated that the Philippines has not been spared from the problem of global fertilizer supply due to increased demand in various countries and increased inventories in some countries
    .
    Nevertheless, the Philippines currently has sufficient stocks, as of June 21, it is close to 300,000 tons, and it can survive the next crop season
    .
    However, Filipino farmers will have to endure high fertilizer prices and are expected to remain high by the end of this year, especially phosphate and urea
    .
     
      According to FPA data, the average price per ton of imported fertilizers rose by 20% to US$276.
    16 from January to May
    .
    During this period, the Philippines' imports of chemical fertilizers increased by 2.
    44% year-on-year by about 90 tons, while imports increased by 23% to US$247 million
    .
    The latest data in August showed that the average price of chemical fertilizers was US$500 per ton, an increase of 40.
    5%
    .
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