Nitrogen And Potassium Take Turns To Rise, What Are The Variables Of Fertilizer Market In Next Spring?

June 12, 2024, 9:21 AM
Agrigoods Herald
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Guide
Highlights at a glance
The fertilizer market has seen volatile price surges in nitrogen, phosphorus, and potassium despite stable raw materials and weak demand, raising concerns for next spring’s agricultural supply. Urea prices have risen to 2,750 yuan/ton, with phosphate and potassium up 250 and 150 yuan/ton respectively during winter storage—a period typically marked by low activity. This abnormal trend suggests a potential "weak rise, strong fall" cycle, risking losses for dealers and higher costs for farmers. Delayed winter stocking may shorten spring procurement timelines, increasing the risk of regional shortages. With compound fertilizer prices hitting 4,000 yuan/ton—70% higher than last year—farmers' production costs are rising faster than grain price gains, dampening planting enthusiasm. Stronger regulation is urged to prevent market manipulation and protect end-users. Stable policies, rational pricing, and coordinated winter storage are essential to ensure market balance and support sustainable ag
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