# Fertiliser businesses  (DCM) see profit drop on ailing selling prices and rising costs | Vietstock

> 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.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/5367-fertiliser-businesses-dcm-see-profit-drop-on-ailing-selling-prices-and-rising
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

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.

## Read by commodity

- UREA: bearish ▼

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2023/05/fertiliser-businesses-dcm-see-profit-drop-on-ailing-selling-prices-and-rising-costs-113-510256.htm

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