Fertilizer prices rise

THE AVERAGE price of four grades of fertilizer rose yearon-year in November, the Philippine Statistics Authority (PSA) said.

The PSA said that the average price of Urea fertilizer rose 18.53% year-on-year to P1,102.05 per sack in November. The price was up 2.43% compared with October.

Prices rose in all regions except for MIMAROPA (Mindoro, Marinduque, Romblon and Palawan), PSA said. The top price of P1,350 was charged in the Autonomous Region in Muslim Mindanao (ARMM), while the lowest price of P1,030 was charged in Ilocos Region.

The average price of Complete fertilizer rose 3.64% yearon-year to P1,128.89 in November and rose 0.73% from October.

ARMM had the highest price for Complete fertilizer at P1,383.33 per sack, while Cagayan Valley had the lowest at P1,013.75. All regions posted price growth except for Bicol.

The average price of Ammosul fertilizer rose 10.75% year-on-year to P627 and 1.85% from a month earlier.

Prices rose in all regions except for Cavite, Laguna, Batangas, Rizal and Quezon (CALABARZON) and MIMAROPA. They were higest in ARMM at P947.50, while Cagayan Valley had the lowest at P538.75.

The average price of Ammophos fertilizer rose 8.34% yearon-year to P974.08 and rose 1.44% compared with October.

Prices were highest in the ARMM at P1,252.50, while they were lowest in Cagayan Valley at P897.88. Prices did not rise in CALABARZON and MIMAROPA.

The highest prices for Ammophos were recorded in Eastern Visayas at P1,092.50 while the lowest were in South Cotabato, Cotabato City, Cotabato Province, Sultan Kudarat, Sarangani and General Santos City (SOCCSKSARGEN) at P807.38. —