When shipping through the Strait of Hormuz is tightened, the shock does not stop at energy but spreads to agriculture and food security.
The Việt Nam Fertiliser Association proposed to reduce export tax on urea fertilisers to zero to increase the competitive of exports.
Falling selling prices and rising costs have caused the profits of most fertiliser businesses to plunge, after recording high profits in the previous few years.
The market has continued to witness a sharp drop in prices, with urea fertiliser currently at its lowest price point in over two years. As a result of domestic...
Gas and petrol prices greatly affect the production cost of fertiliser because gas prices account for about 80-90 per cent of the production cost of ammonia -...
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