Phung Ha, Vice President and General Secretary of the Vietnam Fertiliser Association, talks about the reasons of high fertiliser prices and solutions to stabilise the market towards the end of this year.
Management over the fertiliser market must be enhanced to prevent fake and low-quality products which caused an estimated losses of about US$2.5 billion each year.
The local fertiliser market will face intense competition this year due
to oversupply and cheap fertilisers being imported from China, according
to the Ministry of Agriculture and Rural Development.
The domestic fertiliser market has had no fluctuations in the first two
months of the year due to stable fertiliser demand for the
winter-spring rice crop in the South.