Compound Fertilizer Market Sluggish

By CnAgri2013-05-27 11:47:36 Print Despite the approach of summer planting, compound fertilizer market remains stagnant and is presumed to continue so in the medium run.
 
Factors resulting in a sluggish compound fertilizer market include the following: First, urea price is on the fall, having an impact on compound fertilizer price. Second, compound fertilizer market is ruled by a heavy surplus. Farmers prefer to buy a small amount for immediate use each time. Traders are cautious in building up a stock. If suppliers sell compound fertilizer on credit, they are worried about prolonged default of payment.

From “China Fertilizer Market Weekly Report”