Fertilizer prices in Shaanxi Province rise and fall in May

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Affected by factors such as fertilizer sales season, fertilizer prices in Shaanxi Province increased or decreased in May. In May, the average retail price of ammonium bicarbonate (domestic) was 0.84 yuan per kg, up 2.44% and 7.69% year-on-year, respectively. The average retail price of urea (domestic) was 2.52 yuan per kg, up by 5.00% and 17.21% year-on-year, respectively. The average retail price of diammonium phosphate (domestic) was 3.53 yuan per kilogram, a decrease of 0.28% from the previous month and a year-on-year increase of 1.44%. The average retail price of ternary compound fertilizer (domestic) was 3.15 yuan per kilogram, a month-on-month decrease of 0.63%, and a year-on-year increase of 3.96%. Seasonal and targeted fertilization of crops, increased demand for some fertilizers, and price increases, it is expected that fertilizer prices will continue to rise steadily in the later period.

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