Vietnam chemical fertilizer gap

According to the Ministry of Commerce, in 2011, the total demand for chemical fertilizers in the Vietnam market was 8.5 million tons, and domestic production could only meet the demand of 68%, while the rest still needed to be imported.

In 2011, the demand for potash fertilizer in Vietnam was 700,000 tons, totally dependent on imports; the demand for ammonium sulfate was 600,000 tons, which was totally dependent on imports; the demand for nitrogen fertilizer was 1.8 million tons, the domestic output was 1 million tons, and the import needed was 800,000 tons; phosphoric acid The demand for diammonium was 700,000 tons, domestic production was 300,000 tons, and imports were 400,000 tons; the demand for ternary compound fertilizer and other phosphate fertilizers was 3.1 million tons and 1.6 million tons, respectively, and domestic production could meet the demand.

According to another report, according to reports in Vietnamese media, the Ministry of Industry and Trade of Vietnam is drafting a prime minister’s decision to impose mandatory reserves on some of the necessary liquidity products. According to the draft decision, there are five categories of commodities that will be forcibly stocked, including fertilizer products such as urea, potash, and diammonium phosphate, as well as livestock and poultry feed, fish and shrimp mixed feeds, and corn and soybeans.

According to reports, the draft decision also stipulates that the reserve volume is 3% to 12% of each commodity, and the mandatory reserve commodity price is at least lower than the market price by 10%. The specific selling price is announced by the Ministry of Finance. The Minister of Industry and Trade will decide whether to increase or reduce the reserves of the above five categories of commodities based on market supply and demand.

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