Fertilizer price on May 12: Urea fertilizer increased sharply

In the Central region, the price of Phu My and Ninh Binh urea fertilizers both increased by VND20,000 per bag. Specifically, Phu My fertilizer is currently priced between VND620,000 - VND650,000/bag, while Ninh Binh fertilizer is between VND610,000 - VND640,000/bag. In contrast, other types of fertilizers such as NPK, potassium and phosphate have not recorded any price fluctuations.

Unit: VND/bag
CENTRAL REGION
Type name	May 8	May 12	Change
Urea fertilizer
Phu My	600,000 - 630,000	620,000 - 650,000	+ 20,000
Ninh Binh	590,000 - 620,000	610,000 - 640,000	+ 20,000
NPK 20 - 20 - 15 fertilizer
Buffalo Head	950,000 - 980,000	950,000 - 980,000	-
Song Gianh	910,000 - 930,000	910,000 - 930,000	-
Powdered POTASSIUM fertilizer
Phu My	520,000 - 560,000	520,000 - 560,000	-
Ha Anh	520,000 - 560,000	520,000 - 560,000	-
NPK 16 - 16 - 8 fertilizer
Buffalo Head	720,000 - 740,000	720,000 - 740,000	-
Phu My	710,000 - 730,000	710,000 - 730,000	-
Lao Cai	700,000 - 720,000	700,000 - 720,000	-
Phosphate
Lam Thao	280,000 - 300,000	280,000 - 300,000	-
Lao Cai	270,000 - 290,000	270,000 - 290,000	-

In the Southwest region, the increase was even more pronounced. Ca Mau urea increased by VND20,000 - 30,000, currently being sold at VND630,000 - 650,000/bag. Phu My urea here also increased by VND30,000, to VND620,000 - 640,000/bag. Meanwhile, fertilizers such as DAP, potassium, NPK and phosphate remained stable compared to the beginning of the week.

Unit: VND/bag
SOUTHWEST
Type name	May 8	May 12	Change
Urea fertilizer
Ca Mau	600,000 - 630,000	630,000 - 650,000	+ 30,000 + 20,000
Phu My	590,000 - 610,000	620,000 - 640,000	+ 30,000
DAP fertilizer
Red River	1,250,000 - 1,300,000	1,250,000 - 1,300,000	-
Dinh Vu	840,000 - 870,000	840,000 - 870,000	-
Potassium Flakes
Ca Mau	500,000 - 530,000	500,000 - 530,000	-
NPK 16 - 16 - 8 fertilizer
Ca Mau	600,000 - 640,000	600,000 - 640,000	-
Phu My	600,000 - 640,000	600,000 - 640,000	-
Vietnamese Japanese	610,000 - 650,000	610,000 - 650,000	-
NPK 20 - 20 - 15 fertilizer
Three Storks	870,000 - 900,000	870,000 - 900,000	-

The increase in urea prices shows signs of increasing demand in both regions, while supply may not be abundant again. The fact that the prices of other fertilizers have not increased shows that this adjustment trend is currently only focused on nitrogen fertilizers.

Source: https://baoquangnam.vn/gia-phan-bon-ngay-12-5-phan-ure-tang-manh-3154569.html