Vietnam imported roughly 2.3 million tons of fertilizers totaling 548 million U.S. dollars in the first eight months of this year, seeing respective year-on- year increases of 7.6 percent and 19 percent.
Between January and August, the country imported 403,000 tons of urea, mainly from China, Indonesia, Russia and the Middle East, valued at 104 million dollars, down 24.6 percent and 20.2 percent respectively, according to the country's General Statistics Office on Friday.
Vietnam's total demand for fertilizers in 2007 is estimated at nearly 7.9 million tons, and domestic supplies are likely to stand at 4.7 million tons, according to the country's Ministry of Industry and Trade.
Vietnam imported over 3 million tons of fertilizers, including 708,000 tons of urea, totaling 673 million dollars in 2006, up 5.9 percent and 5.1 percent, respectively, against 2005, said the statistics office.
The country, home to over 150 fertilizer producers with each annual capacity ranging from 500 tons to 1 million tons, has planned to build four major fertilizer plants with a combined annual capacity of nearly 1.8 million tons in the 2005-2010 period, according to the Vietnam Fertilizer Association.
Source: Xinhua
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