Vietnammmms Leading Producer Imports Fertilizers to Cut Price Hike
The PetroVietnam Fertilizer and Chemical Co. (PVFCCo), the country’s leading fertilizer producer, has so far this year signed contracts to import 106,000 tons of fertilizers in an effort to cut the price hike.
PVFCCo forecast that the country will need about 660,000 tons of fertilizer by the end of the second quarter of the year, but local producers can supply only 500,000 tons.
PVFCCo’s Phu My Fertilizer Plant has so far this year produced 197,825 tons of urea fertilizer. Its product is now selling for VND7,100 per kilo. (Labor)
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