fertilizer priceIn the world market has continued to rise since the end of last year. Continuing until the beginning of 2022, when bornRusso-Ukrainian WarThe more it aggravates the price of the fertilizer mother to rise even more. Importantly, many countries such as China have banned fertilizer exports. Many other countries have stocks. for increasing the stability of food production in the country whichThailand is almost 100% dependent on foreign fertilizer imports. In the past, some chemical fertilizer traders There was a slowdown in imports due to the loss problem due to the inability to adjust the price because fertilizer is a controlled product. Fertilizer traders have filed about fertilizer price adjustments from time to time. Finally, the Department of Internal Trade gave the green light to adjust the price of fertilizers in front of the factory in many formulas according to the manufacturers. the importer presented
Lt. Chakra Yodmanee, Deputy Director-General, Department of Internal Trade said approval to haveThe price of fertilizer in front of the factory was adjusted to be in line with the rising cost of raw material imports in line with the world market prices. by many factors especially the Russian and Ukrainian wars. Rising fuel energy prices around the world affect both raw material costs and shipping costs. and the weakening baht which Thailand currently relies on importing fertilizers from foreign countries almost 100%.
The Department therefore views that this group of products has been affected in real and considerable ways. therefore approved to adjust the price of chemical fertilizer products according to the actual cost In order for producers and importers to be able to sell fertilizer to farmers and to prevent fertilizer shortages, price adjustments are necessary. Adequate and has the least impact on the retail price.
However, earlier in the month May, through a group of traders and manufacturers of Thai fertilizers, said the Department of Internal Trade has allowed manufacturers and distributors of chemical fertilizers. Gradually increase the price in front of the factory already. according to the cost of fertilizer and transportation costs have increased continuously since the beginning of the year, which willThe selling price of chemical fertilizers in the new planting season The upcoming prices have increased on average 20-30% from the beginning of the year. For example, the price in front of the urea fertilizer factory will increase to a 50 kg sack at 1,500 baht. As for the retail price of each area, there may be a difference of 1,700-1,800 baht depending on the cost of transportation. and stock the product whether it is old or new After the Department of Internal Trade gave the green light to raise the price of fertilizer in front of the factory, it is expected that There is likely to be another price increase in June.
From the website of the Office of Agricultural Economics The Ministry of Agriculture and Cooperatives has reported the price of important chemical fertilizer formulas. From Jan.-May. It was found that the prices of important chemical fertilizer formulas continued to increase.
byUrea Fertilizer Formula 46-0-0 Monthly local retail priceMay, fertilizer prices are at 27,200 baht per ton.
Fertilizer formula 18-46-0 local retail priceMay, price 25,204 baht per ton.
Fertilizer formula 16-20-0 local retail priceIn May, it was 20,313 baht per ton.
In the pastIn the meantime, 5 million tons of chemical fertilizers are imported from abroad per year. The country with the number one import from China is 1.09 million tons, followed by Saudi Arabia at 720,000 tons, Russia-Belarus 71 hundred thousand tons, Oman 3.67 hundred thousand tons, Korea 3.32 hundred thousand tons and Canada 3.27 hundred thousand tons.
Most recently, on 24 June, Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce had a discussion with the private sector to solve the fertilizer shortage problem. There will be additional purchase of fertilizer from Saudi Arabia. Through giant companies SABIC (Saudi Basic Industries Corporation), MA’ADEN (Saudi Arabian Mining Co.) and ACO group, which is a subsidiary of Alim Investment Co. Ltd. Saudi Arabia, are the major fertilizer producers. of saudi arabia 8 hundred thousand tons with the hope that this fertilizer purchase This will solve 2 problems: 1. Let Thailand have enough fertilizer for farmers. have more collateral because there are additional special import sources and 2. The matter of the price is the duty of the private sector to negotiate Hoping for a special case of lower costs from their relationship.
