Given the foreseen saturated urea fertilizer demand at home and increasing output, companies in the local fertilizer industry will have no other choice but to ship products overseas this year despite the challenging conditions. Local fertilizer producers including Ca Mau and Ninh Binh fertilizer companies saw 2012 as a successful year as sales increased, while smaller manufacturers also managed... 

Fertilizer production will slow from now to the end of the year as the high production season has come to an end, according to the Vietnam Fertilizer Association. Figures of the General Department of Customs showed that fertilizer production hit nearly 80,000 tons in October, which equaled September’s production. October export value was US$35.9 million, up US$2.4 million month-on-month. The nation’s... 

Experts have forecast farmers in the Mekong Delta can run into troubles as a result of pests and higher costs in the early autumn-winter rice crop, commonly known as the third rice crop. Rice growers in Tien Giang, Long An, Dong Thap and Vinh Long provinces are busy cultivating the early third crop. However, at present, fertilizers and plant protection drugs are marking up sharply, putting farmers... 

The surge in fertilizer prices last year prompted a heated debate in local media but that was a trend in the last few years. On average, the retail price of Dam Phu My urea rose 40% last year, SA fertilizer 36%, DAP 37.5%, and NPK 29% versus 2010. Higher input costs? In explanation for the price hike, local fertilizer manufacturers who hold a 50% market share said the main reason was the sharp increase... 

The price of sugar had gone down while those of six other essential goods had gone up in the first four months of the year, the Ministry of Finance said. Chemical fertilisers showed the highest price increase, up 25 per cent, while the lowest was animal feed, up 1.05-2.56 per cent. Enterprises in Hanoi and HCM City adjusted the price of oil and gas five times, up 4.55 per cent to 11.92 per cent. Prices... 

The Ministry of Industry and Trade has asked the Government to draw up a regulation that would require producers to maintain a fertiliser reserve to avert supply shortages and price hikes. At a seminar on Saturday in HCM City, Nguyen Loc An, deputy head of the Ministry of Industry and Trade’s Domestic Market Department, said “the businesses that keep a stockpile of fertiliser would get... 

HCMC – Urea fertilizer supply in the country will outpace demand early next year as a large-scale plant is to be commissioned in the southernmost province of Ca Mau late this year. Supply is seen rising to some 2.2 million tons by the end of this year compared to annual demand of two million tons, leaving some 200,000 tons in surplus, said Cao Hoai Duong, executive director of PetroVietnam Fertilizer... 

Efforts to stabilise fertiliser prices and avoid speculation will ensure demand is met for the winter-spring crop, the Fertiliser Association of Vietnam said. “The association will take all necessary steps to avoid price volatility and speculation as it has occurred in previous years,” association chairman Nguyen Hac Thuy said. The nation’s stockpile of fertiliser was more than 750,000... 

The wholesale price of urea fertilizer produced at the Phu My factory was VND8,800 per kilo, an increase of VND2,200 over earlier this month. Urea fertilizer imported from China, Indonesia also increased in price and is selling at VND8,500. The main reason for the price hike of fertilizer is the high export taxes imposed by China to ensure it has enough fertilizer for its own new crop. This leads to... 

Fertiliser prices in the Cuu Long (Mekong) Delta have increased by an average of VND1,200 per kilogramme in recent days. In An Giang Province, the price of a 50-kg bag of Chinese urea fertiliser went up from VND365,000 to VND425,000. A 50-kg bag of NPK fertiliser now costs around VND460,000, an increase of VND35,000, and that of South Korea DAP of similar weight has increased by VND60,000 to VND710,000. Traders...