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The surge in fertilizer prices affects Thai agriculture

 Last Update: 2021-11-01
 Source: Internet
 Author: User

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According to recent news from Thailand, the global fertilizer industry is in turmoil with rising demand and prices hitting a 12-year high

Currently, many fertilizer plants in Europe are closed due to concerns about current shortages

Nitrogen fertilizer supply is low and demand continues to grow, and the Chinese market has already raised prices

The Ministry of Agriculture and Cooperatives of Thailand found from the retail price data collected by fertilizer operators that the price of all formulated fertilizers this year was the highest in 12 years.

In addition, the Ministry of Agriculture and Cooperatives of Thailand intends to conduct consultations on reducing the cost of fertilizer use and reducing the import of fertilizers from abroad

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