PetroVietnam Ca Mau Fertiliser Joint Stock Company (PVCFC) reported its urea fertiliser volume reaching 157,000 tonnes, exceeding 17 per cent of its plan.
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 country had spent US$1.12 billion in importing 2.94 million tonnes
of fertiliser over the past eight months, or a yearly increase of 28 per
cent in value and 12 per cent in volume, according to the General
Department of Customs.
