Myanmar has imported 434,000 tonnes of fertilizer as of 22 July in the current financial year 2024-2025, beginning 1 April.
Urea Fertilizer Purchasing and Distribution Steering Committee targeted to import 1.6 million tonnes of fertilizer this FY.
Fertilizer consumers can complain about those sellers who fail to follow the set reference prices of fertilizer for Yangon, according to the Myanmar Fertilizer, Seed and Pesticide Entrepreneurs Association (MFSPEA).
Under the guidance of the Urea Fertilizer Purchasing and Distribution Steering Committee, MFSPEA has instructed member companies to sell fertilizers that are highly demanded in the domestic market as per the set reference prices for Yangon from 16 August to 15 September.
The reference prices are K83,000 per 50-kilogramme bag of Urea fertilizer (large granular), K115,000 per 50-kilogramme bag of Rock Phosphate and K128,000 per 50-kilogramme bag of Di Ammonium Phosphate. Yet, MFSPEA has not confirmed the reference price for Complex fertilizer.
The prices may vary a bit depending on transportation charges in other regions and states as the aforementioned prices are set for 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 883353358).
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, 11,573 fertilizer registrations have been granted after the 41st meeting of the Fertilizer Committee. With individuals’ consent, 1,957 registrations were voluntarily cancelled. The department revoked 2,793 registrations for expiration of validity, and 6,823 registrations are still being processed. — NN/KK
