Viet Nam currently has 200,000 tons of urea available for the summer-fall crop from March to May, according to the Ministry of Agriculture and Rural Development.
Of the amount, 150,000 tons are fertilizer in stock from the previous crop and the remaining 50,000 tons have been imported during the past two months.
To meet the expected demands, Viet Nam needs 260,000 more tons, according to an estimate of the Ministry. However, fertilizer manufacturers will produce about 250,000 tons from March to May; therefore, there will be well enough urea for the coming crop.
Early in March, the price of imported urea was reduced to US$255 a ton. The import price from China is US$238, down US$7/ ton from the end of 2005.
On March 5, urea was sold at VND4,200/kg in the domestic market and VND3,900/kg at Mong Cai border-gate.