DAP fertiliser prices rise sharply
DAP fertiliser prices rise sharply
Although the temporary safeguard tax on imported DAP fertiliser is effective from August 19, the market price of this product has already increased sharply by a range of VND1.5 million-VND1.9 million (US$66-84) per tonne.
Rising prices of DAP have led to an increase of VND300,000-500,000 per tonne for NPK fertiliser, as DAP is the main material for producing NPK fertiliser, including Urea, DAP and Kali. NPK 20-20-15 has increased the most by VND400,000-500,000 per tonne.
In addition, DAP is also the single major fertiliser for rice, fruit trees, vegetable crops and industrial crops. In particular, for soil contaminated with alum, DAP lowers the alum content to create soil for crops, therefore, farmers prefer DAP.
Last week, DAP prices at HCM City’s Tran Xuan Soan fertiliser market fluctuated from VND8 million to VND12.5 million per tonnes. Domestic products of DAP – Dinh Vu Fertiliser Plant and DAP Fertiliser Plant Lao Cai – had the lowest prices, while the highest price was for Korean DAP product coded 18-46.
