# Fertiliser prices likely to remain at high level in coming months

> Vietnam's fertiliser association forecasts prices will stay high in coming months because of volatile global gas and petrol prices. Gas makes up 80-90% of ammonia production cost, and current urea and DAP prices in Vietnam remain elevated.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Natural gas drives ammonia costs, so continued energy volatility keeps urea and DAP prices supported. Feed and crop producers should expect fertiliser costs to stay firm.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | -0.8% | -18.1% |
| UREA | 2023-01-17 | [Uncertainty in input prices likely to continue in 2023](https://feedsoft.ai/events/38111-uncertainty-in-input-prices-likely-to-continue-in-2023.md) | -0.5% | -22.3% |
| UREA | 2022-01-19 | [High natural gas prices could lead to spike in food costs through fertilizer link \| S&P Global](https://feedsoft.ai/events/43069-high-natural-gas-prices-could-lead-to-spike-in-food-costs-through-fertilizer.md) | -0.3% | -11.2% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| UREA | 2020-06-19 | [Sharp increase in SA fertiliser prices due to weak rand](https://feedsoft.ai/events/52920-sharp-increase-in-sa-fertiliser-prices-due-to-weak-rand.md) | +0.6% | +6.2% |
| DAP | 2022-05-11 | [Fertilizer prices expected to remain higher for longer](https://feedsoft.ai/events/41325-fertilizer-prices-expected-to-remain-higher-for-longer.md) | 0.0% | -13.1% |
| DAP | 2023-01-17 | [Uncertainty in input prices likely to continue in 2023](https://feedsoft.ai/events/38111-uncertainty-in-input-prices-likely-to-continue-in-2023.md) | +1.3% | -1.6% |
| DAP | 2022-01-19 | [High natural gas prices could lead to spike in food costs through fertilizer link \| S&P Global](https://feedsoft.ai/events/43069-high-natural-gas-prices-could-lead-to-spike-in-food-costs-through-fertilizer.md) | -0.5% | +1.7% |

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1482559/fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.