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Vietnamese farmers report fertiliser prices up more than 30 percent from a year earlier, with a 50kg urea bag rising from about VND350,000-370,000 to VND470,000 and DAP rising from VND510,000 to VND690,000. Sellers attribute the rise to seasonal November demand for the winter-spring rice crop and higher global prices.
Higher global urea and DAP prices are feeding through to Southeast Asian input costs, and farm demand remains firm despite the increase. This supports fertiliser price strength in the near term.
vinachem.com.vnNov 26, 2018Not enough comparable past events yet for a historical read.
Not 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.
