January 10, 2012
DPM to sell 1.4-million-tonne urea fertiliser in 2012
The state-run PetroVietnam Fertiliser and Chemical Corporation (DPM) is looking to produce 1.4 million tonnes of urea fertiliser for the local market, state media reported Monday (Jan 9).
In 2012, the giant firm plans to produce 850,000 tonnes of urea fertiliser from its Phu My Fertilizer Plant, and sell 560,000 tonnes of urea fertiliser produced by the newly-operating Ca Mau Fertilizer Plant.
It plans also to import 100,000 tonnes of other kind of fertiliser for local consumption compared to 33,000 tonnes last year, local news said.
Vietnam's demand of fertilisers is estimated at 9.8 million tonnes in 2012, including 3.5 million tonnes of NPK, two million tonnes of urea, 1.8 million tonnes of phosphates, 950,000 tonnes of DAP, 920,000 tonnes of potassium and 710,000 tonnes of SA.
The country has to import DAP, SA and potassium fertilisers but can export 536,000 tonnes of urea fertilisers this year as the country's urea output is expected at 2.36 million tonnes in 2012, exceeding the local demand of 1.8 million tonnes.