Vietnam fertiliser import increases
Friday, 29 August 2008
HANOI, Aug. 28 (Xinhua): Vietnam is estimated to spend roughly 1.2 billion U.S. dollars importing 2.5 million tons of fertilizers in the first eight months of this year, seeing respective year-on-year rises of 106.6 per cent and 4.4 per cent, according to the General Statistics Office today.
Vietnam is forecast to spend 233 million dollars importing 593, 000 tons of urea, mostly from China, Russia and Japan, between January and August, up 124.8 per cent and 48 per cent, respectively. Regarding kalium fertilizer, Vietnam mainly imports the product from Russia, China, Canada, Israel, Belarus and Singapore.
To lessen reliance on fertilizer import and stabilize prices in the domestic markets amid higher world prices, Vietnam is accelerating construction of some producers of urea, diammonium phosphate, nitrogen-phosphate-kalium and organic fertilizers in the northern region.
Vietnam imported nearly 3.8 million tons of fertilizers totaling 996 million dollars in 2007, up 21.6 per cent and 44.9 per cent, respectively, against 2006, said the statistics office.
Vietnam is forecast to spend 233 million dollars importing 593, 000 tons of urea, mostly from China, Russia and Japan, between January and August, up 124.8 per cent and 48 per cent, respectively. Regarding kalium fertilizer, Vietnam mainly imports the product from Russia, China, Canada, Israel, Belarus and Singapore.
To lessen reliance on fertilizer import and stabilize prices in the domestic markets amid higher world prices, Vietnam is accelerating construction of some producers of urea, diammonium phosphate, nitrogen-phosphate-kalium and organic fertilizers in the northern region.
Vietnam imported nearly 3.8 million tons of fertilizers totaling 996 million dollars in 2007, up 21.6 per cent and 44.9 per cent, respectively, against 2006, said the statistics office.