THE average price of four grades of fertilizer increased year on year in June, the Philippine Statistics Authority (PSA) said.

The average price of Urea fertilizer increased 12.9% year on year to P1,139.78 per sack, and fell 0.7% compared with the previous month.

Month on month, prices fell in 11 regions. The highest price recorded was in the Autonomous Region in Muslim Mindanao (ARMM) at P1,295.33, while the lowest price was in the Ilocos Region at P1,008.50.

The price of complete fertilizer rose 3.7% year on year to P1,150.18, but fell 0.3% month on month.

Price decreases were recorded in nine regions. The highest price was P1,336.67 in ARMM. The lowest price was P1,034.80 in South Cotabato, Cotabato City, Cotabato Province, Sultan Kudarat, Sarangani and General Santos City (Soccsksargen).

The price of ammosul fertilizer rose 6.8% year on year to P633.26. It rose 0.2% from a month earlier.

Eight regions recorded higher prices during the month, led by ARMM at P884.17. The lowest price was in Soccsksargen at P550.00.

The price of ammophos fertilizer increased 7.6% to P1,000.75, year on year, and rose 0.4% against the previous month.

Prices increased in eight regions, with the high recorded in ARMM at P1,223, and the low of P932 in the Ilocos Region.

source:bworldonline.com