Fertilizer prices today, April 20, 2026: Drastically dropped by 18%.
Latest fertilizer price update for today, April 20, 2026. World fertilizer prices plummeted by 18% following news of the reopening of the Strait of Hormuz, significantly impacting the domestic market.
Fertilizer prices today, April 20, 2026, are showing a sharp downward trend following positive developments in the global geopolitical situation. According to the latest data, world fertilizer prices have plummeted significantly, providing an optimistic signal for global agricultural production costs.
What are the current fertilizer prices in the domestic market?
Fertilizer prices in Vietnam today remain stable but are trending downwards, following the global decline. Imported fertilizers such as Russian DAP have the highest prices, reaching 1,245,000 VND per bag.
Meanwhile, domestically produced fertilizers such as Lam Thao Phosphate and Van Dien Phosphate maintain the lowest prices on the market, fluctuating around 305,000 to 315,000 VND per bag.
Detailed fertilizer price list as of April 20, 2026
Today's fertilizer prices are listed specifically for each type at agricultural supply dealers. According to data updated at 07:26:09, the price list for common nitrogen, potassium, and NPK fertilizers is as follows:
| Type of fertilizer | Unit | Average price (VND) | Price range (Low - High) |
|---|---|---|---|
| Russian DAP | Bag | 1,245,000 | 1,220,000 - 1,270,000 |
| DAP Korea | Bag | 1,095,000 | 1,070,000 - 1,120,000 |
| Binh Dien NPK 20-20-15 | Bag | 960,000 | 940,000 - 980,000 |
| NPK 16-16-8 Dau Trau | Bag | 800,000 | 780,000 - 820,000 |
| UREA Ca Mau | Bag | 675,000 | 660,000 - 690,000 |
| Phu My Potassium Powder | Bag | 545,000 | 510,000 - 580,000 |
| Lan Lam Thao | Bag | 305,000 | 300,000 - 310,000 |
Why have global fertilizer prices fallen sharply?
The main reason for the sharp drop in global fertilizer prices is Iran's announcement that it is reopening the Strait of Hormuz to commercial shipping. This strait plays a vital role in the transit of approximately one-third of the world's crop nutrient supply.
The smooth operation of this route immediately eased concerns about supply shortages, bringing fertilizer prices down after a long period of tension.
The price of urea fertilizer has seen a record drop of approximately 18% in a short period. In the New Orleans market, the price of urea fell to $640 per ton from a peak of $780 per ton earlier this week.
According to Bloomberg data, despite the rapid price drop, the actual supply of physical goods will take approximately another month to arrive at ports and be transported to key agricultural production areas.
Domestic fertilizer prices are expected to continue falling in the coming months as cheaper imported shipments arrive. Governments are also working to help reduce input costs for farmers to boost spring crop production.
The stability of shipping traffic through the Strait of Hormuz and a ceasefire in the Middle East will be key factors in keeping fertilizer prices sustainably low.
