Urea fertilizer reference price for June has been announced, according to the Myanmar Fertilizer, Seed and Pesticide Entrepreneurs Association (MFSPEA).
The reference price for Urea fertilizer (large granular) is set at K1400,000 per 50-kilogramme bag from 8 to 30 June, while the price of diammonium phosphate is set at K115,000 per bag from 8 to 20 June.
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 the 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
#TheGlobalNewLightOfMyanmar