The reference price for Urea fertilizer (large granular) was earlier set at K157,000 per 50-kilogramme bag for May, and then, the price decrease to K151,600 was announced. The rate will remain until the end of June, according to the Myanmar Fertilizer, Seed and Pesticide Entrepreneurs Association (MFSPEA).
Under the supervision of the Urea Fertilizer Purchase, Distribution and Sales Steering Committee, MFSPEA earlier set the fertilizer reference prices for Yangon in May at K157,000 per bag of urea fertilizer and K115,000 per bag of Di Ammonium Phosphate. The MFSPEA has not confirmed the reference price for Complex 15 fertilizer.
The prices may vary a bit depending on transport charges in other regions and states, as the aforementioned prices are set for the Yangon Region, MFSPEA stated.
Additionally, reference prices will be further announced as per rules and regulations. For overcharging, consumers can complain to the committee through contact numbers 067 410032 and 09 988539360. MFSPEA has already asked the member companies to stick to the reference prices.
At present, the Fertilizer Committee holds a quarterly meeting to ensure quality fertilizer for growers without facing shortages. Under the approval of the Fertilizer Technology Group, 12,297 fertilizer registrations have been granted after the 43rd meeting of the Fertilizer Committee. With individuals’ consent, 2,088 registrations were voluntarily cancelled. The department revoked 2,867 registrations for expiration of validity, and 7,342 registrations are still under processing.
NN/KK
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