ID :
170301
Wed, 03/23/2011 - 15:48
Auther :
Shortlink :
http://m.oananews.org//node/170301
The shortlink copeid
Vietnam balancing fertilizer supply and demand to stabilize fertilizer prices
Nam Dinh (VNA) — Supplies of fertiliser must be ensured to stabilise rising fertiliser prices and meet demand in the domestic market said experts at a recent workshop in northern Nam Dinh province.
Le Viet Nga, deputy head of the Ministry of Industry and Trade's Domestic Market Department, said that actively balancing supply and demand will help stabilise domestic fertiliser prices.
The ministry planns to require fertiliser producers and importers to keep a stockpile of fertiliser to avoid price increases due to shortages of supply, she said.
"They should also improve the efficiency of their direct distribution system to ensure that fertiliser is delivered directly to farmers," said Nga.
Nguyen Anh Tuan, deputy head of the Ministry of Finance's Price Management Department, agreed that stability in supply and demand of fertiliser will be the most important factor in settling the domestic fertiliser market.
The Ministry of Finance will manage supply and demand by adjusting taxes and import-export policies, including increases of export tax and cuts in import tax.
There is also a proposal to temporarily halt exports of certain types of fertiliser during specific periods, Tuan said.
Ho Thi Kim Thoa, deputy minister of Industry and Trade, said Vietsam has promoted investment in fertiliser projects to meet demand for fertiliser in the domestic market.
Nguyen Dinh Hac Thuy, general secretary of the Viet Nam Fertiliser Association, said fertiliser prices are at 9,500 VND per kilo for imported fertiliser and 8,500 VND per kilo for Phu My fertiliser products made by the PetroVietnam Fertiliser and Chemical Products Corporation (PVFCCo).
The prices of fertiliser products are expected to increase in the coming time due to rising demand. Phu My fertiliser products have met only 40 per cent of market demand with imports having to cover the remainder, Thuy said.
World fertiliser prices are on the rise and importers have limited the amount of imports to avoid losses due to higher selling prices for the imported fertiliser against domestic fertiliser, he said./.
Le Viet Nga, deputy head of the Ministry of Industry and Trade's Domestic Market Department, said that actively balancing supply and demand will help stabilise domestic fertiliser prices.
The ministry planns to require fertiliser producers and importers to keep a stockpile of fertiliser to avoid price increases due to shortages of supply, she said.
"They should also improve the efficiency of their direct distribution system to ensure that fertiliser is delivered directly to farmers," said Nga.
Nguyen Anh Tuan, deputy head of the Ministry of Finance's Price Management Department, agreed that stability in supply and demand of fertiliser will be the most important factor in settling the domestic fertiliser market.
The Ministry of Finance will manage supply and demand by adjusting taxes and import-export policies, including increases of export tax and cuts in import tax.
There is also a proposal to temporarily halt exports of certain types of fertiliser during specific periods, Tuan said.
Ho Thi Kim Thoa, deputy minister of Industry and Trade, said Vietsam has promoted investment in fertiliser projects to meet demand for fertiliser in the domestic market.
Nguyen Dinh Hac Thuy, general secretary of the Viet Nam Fertiliser Association, said fertiliser prices are at 9,500 VND per kilo for imported fertiliser and 8,500 VND per kilo for Phu My fertiliser products made by the PetroVietnam Fertiliser and Chemical Products Corporation (PVFCCo).
The prices of fertiliser products are expected to increase in the coming time due to rising demand. Phu My fertiliser products have met only 40 per cent of market demand with imports having to cover the remainder, Thuy said.
World fertiliser prices are on the rise and importers have limited the amount of imports to avoid losses due to higher selling prices for the imported fertiliser against domestic fertiliser, he said./.
