The Petro Vietnam Fertilizer and Chemical Corporation (DPM) is expected to supply a total of 1.4 million tons of urea fertilizer for the domestic market this year. In details, Phu My fertilizer plant, a company under the DPM is expected to supply 850,000 tons of urea in 2012. Ca Mau fertilizer plant which has just [...]
The subsidization in the input material prices for fertilizer production has only benefited producers, while it has caused bad consequences to the agricultural production because it has created a market with unhealthy competition. Low input material costs brings super-fat profit Nguyen Tien Thoa, Director of the Price Control Agency, an arm of the Ministry of [...]
Vietnam is heading towards self-sufficiency in the diammonium phosphate fertiliser. Construction of the country’s second diammonium phosphate (DAP) plant kicked off last week. The 73-hectare plant is located at Tang Loong Industrial Park in the mountainous northern province of Lao Cai. Capitalised at $250 million, the new facility will have an annual production capacity of [...]
Vietnam plans to start exporting Urea fertilizer by the end of 2012, Nguyen Hac Thuy, chairman of the Fertilizer Association of Vietnam (FAV) said, adding that Cau Mau and Ninh Binh Urea Fertilizer Plants will start the first production in 2012. Ca Mau Urea Fertilizer Plant is scheduled to start operating from the first quarter [...]
Although demand for fertilizers for the 2011-2012 Winter-Spring Crop is increasing in the Mekong Delta Provinces, fertilizer prices have dropped sharply by 80,000-100,000 dong per 50 kilogram bag. Phu My Urea fertilizer price is currently 535,000-540,000 dong per bag, decreasing by 75,000-80,000 dong per bag compared to September. DPA fertilizer from Philippines is 890,000-985,000 dong [...]
With global fertiliser prices surging and supply plunging in Vietnam, prices have risen sharply in the last fortnight. Several kinds of fertilisers have seen prices increase by 50 per cent and even 100 per cent, Tuoi tre (Youth) newspaper reported. At the same time, rice prices are falling, in what could turn out to be [...]
Vietnam remains a big fertilizer importer with the expected imports of 2.4-2.6 million tons in 2011. However, the situation would completely change in the future, as a lot of fertilizer projects are under implementation. With the current production capacity of 980,000 tons, the nitrogenous fertilizer output just can meet 50 percent of the domestic demand. [...]
The fertiliser market has seen prices surge VND1 million (US$47) per tonne since the beginning of this month. Recently, the price of fertilisers increased suddenly and strongly; they were forecast to continuously increase in the coming days, said chairman of Vinacam Joint Stock Company Vu Duy Hai. Hai added that in the first days of [...]
Two new fertilizer plants, the Ca Mau Fertilizer plant in U Minh District of the southernmost Mekong Province of Ca Mau and the Ninh Binh Fertilizer Plant in the northern province of Ninh Binh will be fully operational by yearend. Along with the Phu My Fertilizer Plant in the southern province of Ba Ria-Vung Tau [...]
The China National Chemical Construction Corporation has agreed to pay a Vietnamese company $6 million as a fertilizer factory built by the former in Haiphong City in 2009 has been found to fall below agreed standards. According to Hoang Van Lieu, deputy CEO of the Vietnam Chemical National Group (Vinachem), it is stipulated in the [...]
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