“Good News for Farmers: Domestic Fertilizer Prices Continuously Decreasing”

Hey farmers! “Commerce” notifies good news! Domestic fertilizer prices continue to decline. Sufficient quantity with growing season It is recommended to join a group to buy fertilizer from the factory to reduce costs.

On May 13, Mr. Boontee Panichpraphai, Secretary to the Minister of Commerce, revealed that following the situation of chemical fertilizers According to the policy of Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce It was found that now it has been reduced continuously. when compared to the same period last year Fertilizers, both nitrogen (N), phosphate (P) and potash (K), have reduced prices by 20-49%, such as urea (46-0-0), prices have decreased by 49%, ammonium sulfate (21- 0-0) price decreased by 41%, diammonium phosphate (18-46-0) price decreased by 20% and potassium chloride (0-0-60) price decreased by 20%, etc.

Mr. Boonthee continued that he had to admit that in the past 2-3 years it was a time when fertilizer prices had increased. which is happening all over the world as well as the effect of the Russian-Ukrainian conflict on the amount of fertilizer in the world market. but the Ministry of Commerce Under the policies and orders of Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce Strategically solved the problem. step by step Let’s start with the matter of quantity. The pricing rules have been revised to be in line with the current situation. which leads to more fertilizer imports It also allows the Department of International Trade Promotion and the Department of Internal Trade to jointly link fertilizers from other countries to replace the missing parts from the effects of the Russian-Ukrainian conflict. During the visit of the Deputy Prime Minister and Minister of Commerce to Saudi Arabia At the end of August 2022, he met Sabik, the world’s largest fertilizer exporter. Made more than 425,000 tons of orders and continued purchases between them. Until now, fertilizer stocks of all factories across the country as of April 2023 are about 1.42 million tons, 30% more than the same period last year, so farmers can be confident that there will be enough fertilizer to use. Ready for the planting season starting from May ’23 onwards, with the situation of fertilizer prices in the world market falling and with sufficient quantities making the market more competitive. The price has therefore dropped a lot. However, the Ministry of Commerce by the Department of Internal Trade and provincial commercial offices across the country Will continue to monitor the situation closely Including urging entrepreneurs to sell at prices consistent with costs. When the cost of imported fertilizers decreases, the selling price must also decrease. Do not seize the opportunity to increase the price without reasonable cause. It also encourages farmers to group together and buy fertilizer directly from the factory. This will help save costs even further.