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News >> Market News >> ADAPTING TO THE NEW FERTILIZER PRICE LEVEL

Adapting to the new fertilizer price level

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Facing the fact that fertilizer prices are at a record high, the agricultural sector in the Cuu Long Delta provinces recommends that farmers use them in a balanced and economical manner.

Currently, fertilizer prices are rising, making it difficult for farmers to cultivate. (Le Hoang Vu - Vietnam Agriculture Newspaper)

Rice and fertilizer increase and decrease in opposite directions

Compared to the same period last year, the price of many types of urea fertilizer in the Cuu Long Delta has increased at least from VND 230,000 to 240,000/bag. At many agricultural supply stores in Can Tho city, Hau Giang, Vinh Long, An Giang and Dong Thap..., the price of Phu My urea and Ca Mau urea was at VND 560,000 - 590,000/bag, while it was only at VND 530,000-540,000/bag before.

The price of many types of DAP imported from the Philippines, Korea, DAP China (green type) is VND 800,000 - 850,000/bag. NPK 20-20-15 Dau Trau and NPK 20-20-15 Co Bay are priced at VND 690,000 - 720,000/bag. Potassium fertilizer (Israel, Canada, Russia) costs from VND 460,000 to 480,000/bag.

Fertilizer prices increase, but rice price has shown signs of decreasing. (Le Hoang Vu - Vietnam Agriculture Newspaper)

Mr. Le Hong Quan, a farmer in Dong Hiep commune, Co Do district, Can Tho city, is growing 1.4ha of summer-autumn rice, planting OM 5451 rice variety that is nearly 70 days old, feeling anxious when the rice price is continuously dropping, while the price of input materials such as fertilizer is constantly increasing in recent times.

“A few seasons ago, I went to the agency to buy bags of fertilizer for just more than 300,000 VND/bag, now it has been over 550,000 VND. Such a price increase has greatly affected the production of farmers. We just want the fertilizer price to be stable so that farmers can feel secure in production. If the fertilizer price keeps its high increase like this, the price of rice must also increase to make things reasonable. The current situation is really bad for us rice farmers", said Mr. Quan.

Use in a balanced and economical manner

Although the fertilizer price has absurdly increased as it is today, farmers still have to accept to buy and use. (Le Hoang Vu - Vietnam Agriculture Newspaper)

Although the fertilizer price has absurdly increased as it is today, farmers still have to accept to buy and use.

"Today, I went to an agricultural material agency to pay off old debt and buy with new debt to prepare for the next autumn-winter crop. I almost fainted just by hearing the agency notify that the fertilizer price increased again, but I still have to accept and buy at high prices to fertilize the rice because it will be ready to sow in a few days", said distressingly Mr. Pham Van Kha, Tan Thanh commune, Thoi Lai district, Can Tho city.

According to many agricultural material agencies in Can Tho city, the fertilizer price increase is mainly due to the influence of the increasing world fertilizer price. (Le Hoang Vu - Vietnam Agriculture Newspaper)

In accordance with many agricultural material agencies in Can Tho city, the fertilizer price increase is mainly due to the influence of the increasing world fertilizer prices, along with the increase in imported material prices and fertilizer production costs in the country. In the near future, prices of many fertilizers are likely to increase and remain high due to increased transportation costs, especially in the context of complicated developments of the Covid-19 epidemic.

As stated by Mr. Tran Thai Nghiem, Deputy Director of the Department of Agriculture and Rural Development of Can Tho city: With the high fertilizer price, farmers must consider the amount of fertilizer for crops at an appropriate level to save costs, and at the same time limit fertilizer application for crops with unstable output prices.

 Le Hoang Vu. Translated by Samuel Pham - Vietnam Agriculture Newspaper

Soil analysis, soil quality assessment and fertilizer recommendation Service at Eurofins Sac Ky Hai Dang - Solutions for optimizing fertilizer use

It is because the farmers do not have the tools to know how to fertilize enough, leading to wasted money, degraded soil, reduced soil health, making productivity and quality of agricultural products gradually decreased. Further, there are negative effects on the environment and the health of consumers.

Eurofins Sac Ky Hai Dang always accompanies businesses and follows the policies of the State, towards a sustainable, high-yield and efficient Agriculture industry. With modern, innovative and reliable technologies, our Soil analysis, soil quality assessment and fertilizer recommendation Service, the top service in the chain of AgroScience services in Eurofins Sac Ky Hai Dang, is the solution to help optimize the use of fertilizers, learn more about methods of fertilizer and soil management to maintain or improve soil fertility for sustainable agricultural production.

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