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Domestic fertiliser supply stable: MoIT
The domestic fertiliser market has had no fluctuations in the first two months of the year due to stable fertiliser demand for the winter-spring rice crop in the South and large-scale domestic output, according to the Ministry of Industry and Trade.
In January, the country's fertiliser production slightly increased against the same period last year.
The production of NPK (nitrogen, phosphorous and potassium) fertiliser reached 202,000 tonnes, up 2.2 per cent and urea, 185,000 tonnes, up 5.2 per cent.
Meanwhile the production of DAP (diammonium phosphate) fertiliser was estimated at 15,000 tonnes, down 36.8 per cent.
Farmers tend to increase their use of natural mineral NPK and high-quality organic fertiliser because of low prices and its environmentally friendliness. This will cause the price of other kinds of chemical fertilisers to decline, says the Ministry of Industry and Trade.
The country imported 242,000 tonnes of various kinds of fertilisers worth US$67 million last month, down 22.4 per cent in volume and 47.1 per cent in value against the same period last year, according to the Ministry of Agricultural and Rural Development.
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