MANILA, Philippines – The average dealers’ price of four fertilizer grades fell month-on-month and year-on-year in May, the Bureau of Agricultural Statistics (BAS) reported.
Data released by BAS late Friday showed that this was caused by the reduction of prices in most regions.
The monthly average dealers’ price of Urea in May was placed at P1,194.51 per sack, down 0.54 percent from the previous month’s price level and 8.68 percent from the price in the same period last year.
In most regions, Urea prices were lower than the previous month’s levels. The biggest price cuts were recorded in Zamboanga Peninsula and SOCCSKSARGEN with respective price reductions of 3.54 percent and 3.22 percent.
Urea prices in Davao Region and ARMM remained at the previous month’s price levels.
The average dealers’ price of Complete in May was P1,238.16 per sack. Prices slid by 0.21 percentand 2.56 percent month-on-month and year-on-year respectively.
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In most regions, prices went down by 2.0 percent from the previous month’s records. The biggest markdown was noted in Zamboanga Peninsula at 1.13 percent.
Prices of Complete in ARMM remained at last month’s price levels.
The monthly average dealers’ price of Ammosul was placed at 750.86 per sack in May, down by 0.44 percent and 2.27 percent against month-on-month and year-on-year.
Month-on-month, prices in most regions fell – by 0.09 percent in Cagayan Valley and by as much as 2.08 percent in Zamboanga Peninsula. In ARMM, Ammosul retained April’s price of P760 per sack.
The average dealers’ price of Ammophos in May 2013, meanwhile, was placed at P1,088.47 per sack. This was down by 0.21 percent mon-on-month and by 2.19 percent year-on-year.
Ammophos prices were lower in most regions. Reductions ranged from 0.06 percent in Bicol Region to 2.40 percent in Zamboanga Peninsula. Prices in ARMM were unchanged.