Loading…
Vietnamese fertiliser producers, including PetroVietnam Ca Mau Fertilizer (DCM), reported sharp profit declines in Q1 2023. DCM's revenue fell 33% and after-tax profit fell 85% year-on-year, as urea selling prices dropped more than 32%.
Fertiliser prices have fallen sharply since the fourth quarter of 2022.
Lower urea prices reflect weaker nitrogen demand and ample supply, which cuts input costs for feed-grain producers in the region. The earnings slump confirms that the price downturn has persisted into 2023.
en.vietstock.vnVietstockMay 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
