Fertilizer prices rise in May
THE AVERAGE price of four grades of fertilizer increased year-on-year in May, the Philippine Statistics Authority (PSA) said.
The average price of Urea fertilizer increased 14.3% year-on-year to P1,148.20 per sack, but fell 0.5% compared with the previous month.
Month-on-month, prices fell in 10 regions. The highest price recorded was in the Autonomous Region in Muslim Mindanao (ARMM) at P1,402.5, while the lowest price was in the Ilocos Region at P1,028.75.
The price of complete fertilizer rose 4.4% year-on-year to P1,154.12, and rose 0.3% month-on-month.
Price increases were recorded in eight regions. The highest price of P1,442.5 was in ARMM. The lowest was P1,040.19 in South Cotabato, Cotabato City, Cotabato Province, Sultan Kudarat, Sarangani and General Santos City (SOCCSKSARGEN).
The price of ammosul fertilizer rose 7.2% year-on-year to P631.88. It rose 0.1% from a month earlier.
Seven regions recorded higher prices during the month. The highest was in ARMM at P963.75, while the lowest was in Davao Region at P550.25.
The price of ammophos fertilizer increased 8.3% year-on-year to P997.06, but fell 0.1% against the previous month.
Prices fell in six regions, with the highest in ARMM at P1,265, and the lowest P928.13 in the Ilocos Region.