Economy
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VN-Index loses the threshold of 1,180 points
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| The market prices for DAP fertiliser increases sharply before the temporary safeguard tax on imported DAP fertiliser comes into effect. — Photo giaoduc.net.vn |
Viet Nam News
HÀ NỘI — Although the temporary safeguard tax on imported DAP fertiliser is effective from August 19, the market price of this product has already increased sharply by a range of VNĐ1.5 million-VNĐ1.9 million (US$66-84) per tonne.
Rising prices of DAP have led to an increase of VNĐ300,000-500,000 per tonne for NPK fertiliser, as DAP is the main material for producing NPK fertiliser, including Urea, DAP and Kali. NPK 20-20-15 has increased the most by VNĐ400,000-500,000 per tonne.
In addition, DAP is also the single major fertiliser for rice, fruit trees, vegetable crops and industrial crops. In particular, for soil contaminated with alum, DAP lowers the alum content to create soil for crops, therefore, farmers prefer DAP.
Last week, DAP prices at HCM City’s Trần Xuân Soạn fertiliser market fluctuated from VNĐ8 million to VNĐ12.5 million per tonnes. Domestic products of DAP – Đình Vũ Fertiliser Plant and DAP Fertiliser Plant Lào Cai – had the lowest prices, while the highest price was for Korean DAP product coded 18-46. — VNS
