Leading producer imports fertilizers to cut price hike

The PetroVietnam Fertilizer and Chemical Co. (PVFCCo), the country’s leading fertilizer producer, has signed contracts to import 106,000 tonnes of fertilizers in an effort to cut the price hike.

PVFCCo forecast that the country will need about 660,000 tonnes of fertilizer by the end of the second quarter of the year, but local producers can supply only 500,000 tonnes.

PVFCCo’s Phu My Fertilizer Plant has so far this year produced 197,825 tonnes of urea fertilizer.

VNA

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