After several months of negotiations, India's annual potash fertilizer contract was finally announced on April 4, 2023.

Xinhua news in Beijing, January 4 (reporters Xu Ke, Dong Xue), Foreign ministry spokesman Wang Wenbin said at a regular press conference that Regional Comprehensive Economic Partnership (RCEP) has enabled regional countries to deepen cooperation and increase efficiency, which is a major victory for multilateralism and free trade. China will work with all parties to actively participate in the construction of RCEP mechanism and make positive contributions to regional prosperity and world economic

On 9 Nov., Argentine grain port workers have staged a surprise strike because of poor wage negotiations and other factors, delaying exports by one of the world's largest exporters, the labor union representing the country's grain port workers expressed on Monday.

Due to the high temperature weather, the demand for electricity in North Africa has greatly increased, natural gas consumption has increased, and there is a gap in supply and demand. Urea factories that use natural gas as raw materials have been required to reduce production. Since July, the price of urea in Egypt has risen significantly to over $400 per ton.

Recently, the continuously sluggish international potassium fertilizer market has finally begun to show signs of recovery.

This week, there was news that monoammonium may hit the bottom and rebound. In fact, the price of monoammonium has stabilized for a period of time, some industries speculated that monoammonium may hit the bottom, but others still hold a bearish attitude.

According to Wind data, on the morning of June 21st, the offshore renminbi (RMB) US dollar exchange rate dropped below 7.2 yuan, marking the first time since November last year. As of 10:06, the lowest offshore RMB to US dollar exchange rate was reported at 7.2005 yuan, with a decline of nearly 200 basis points within the day.

After four months of hard negotiations, on June 6, 2023, the China Import Potassium Fertilizer Joint Negotiation Group and the international potassium fertilizer supplier Canpotex reached an agreement on the 2023 potassium fertilizer import contract, agreeing to a new standard potassium chloride import price of CFR usd307/ton, a decrease of usd283/ton, compared to the 2022 contract price, a year-on-year decrease of 48%, and valid until December 31, 2023. Other terms remain unchanged.

The domestic urea market, which has been declining for more than two months, seems to have shown signs of buffering recently, while at the same time, the market price has not dropped further and has shown a significant rebound.

It is understood that in 2022, the national natural gas production reached 217.8 billion cubic meters, showing a year-on-year increase of 6.4%;

Market demand rebounded and extended business growth.

Recently, considering the market price trend of agricultural means of production and the situation of agricultural production as a whole, the central government has allocated 10 billion yuan as a one-time subsidy to actual grain farmers to support spring cultivation and further mobilize farmers' enthusiasm for grain planting.

After several months of negotiations, India's annual potash fertilizer contract was finally announced on April 4, 2023.

According to the news of National Bureau of Statistics on Mar., 27, from January to February, the profits of industrial enterprises decreased year-on-year.

At the meeting of Spring nitrogen fertilizer market situation analysis in 2023, Wei Yong, director of the Information and Marketing Department of the China Nitrogen Fertilizer Industry Association, made a comprehensive analysis of the economic operation of nitrogen fertilizer production in China in 2022, and made a prediction in 2023.

Recently, a ship loaded with imported compound fertilizers arrived at the Dongjiangkou wharf in Huangpu. After the inspection of the Xingang Customs under the supervision of Huangpu Customs, the import of 123mts of fertilizers was successfully completed, which would soon be put into domestic spring farming production.

According to the Business Community, liquid ammonia has continued to rise after a brief adjustment last week.

For half a month since the opening of urea futures after the Spring Festival, it has continued to fall sharply, which made the downstream nervous and the upstream fluttered, with the main futures falling to less than 2400 yuan/ton at one time and the deep discount exceeding 300 yuan/ton.