Fertilizer prices rise in April — PSA

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THE average price of four grades of fertilizer increased year-on-year in April, the Philippine Statistics Authority (PSA) said.

The average price of Urea fertilizer rose 16% year-on-year to P1,153.59 per sack, but fell 0.1% compared with the previous month.

Month-on-month, prices fell in nine regions. The highest price recorded was still in Autonomous Region in Muslim Mindanao (ARMM) at P1,396.67 per sack, while the lowest price was in the Ilocos Region at P1,029.38 per sack.

The price of complete fertilizer rose 4.2% year-on-year to P1,150.83 per sack, and rose 0.2% month-on-month.

Price increases were recorded in nine regions. The highest price recorded at P1,436.67 per sack was in ARMM. The lowest price recorded at P1,036.69 per sack was in South Cotabato, Cotabato City, Cotabato Province, Sultan Kudarat, Sarangani and General Santos City (SOCCSKSARGEN).

The price of ammosul fertilizer rose 7.1% year-on-year to P631.45 per sack. It fell 0.02% from a month earlier.

Eight regions recorded decreased prices during the month. The lowest of which was in Ilocos Region at P552.50 per sack, while the highest price of P960 per sack was in ARMM.

The price of ammophos fertilizer increased 8.9% to P997.93 per sack, year-on-year, and was also higher by 0.6% versus the previous month.

Prices rose in 10 regions, with the highest recorded in ARMM at P1,265 per sack, while the low of P927.50 per sack was recorded in the Ilocos Region. — Vincent Mariel P. Galang