Fertilizer, pesticide prices slightly decrease as cold market

In the domestic market, the prices of fertilizers and pesticides dropped slightly and market is cold, it is learnt.
“The purchase of fertilizers decline as local farmers use natural fertilizers due to high prices of chemical fertilizers,” Ko Khin Wan, a chemical fertilizer seller in Thanlyin Township, told the GNLM.
From 8 to 14 October, over 40,000 tonnes of fertilizer worth US$24.726 million were imported from overseas such as Oman, China, South Korea, Thailand, UAE, Viet Nam and Malaysia.
During this week, more than 25,000 tonnes of fertilizers was imported from Oman compared to the previous period’s over 30,000 tonnes of fertilizer.
In addition, over 1,000 tonnes of fertilizer worth $321 million were imported from border trade. As importation, over 600 tonnes from China, over 20 tonnes from India and over 400 tonnes from Thailand.—TWA/GNLM