According to the Ministry of Agriculture and Rural Development, in the summer and fall of this year, there will be a decrease of 1,6 million ha in provinces of the South while the Mekong Delta experiences a decline of 1,5 million ha. This is separated into 3 phases. Between March and April, this will take effect on the Tien and Hau River, together with Dong Thap Province. At the second phase, the adverse impact is expected to lurk onto Tien Giang, Hau Giang, Soc Trang, Tra Vinh. The last stage which takes place in June will wreak havoc on Long An, Tien Giang, Ben Tre, TraVinh, Ca Mau.
Since PVCFC has made a household name by its urea supplemented by opaque seeds, the company has never ground its operation to a halt to reach its full potential and offer products with affordable prices to retailers as well as farmers. If everything goes according to plan, PVCFC will provide the Mekong Delta with 180000 to 220000 tons of urea. With proper preparations to meet the public’s need, the corporation is on the point of launching a discounting campaign Farming a Fortune whose value reaches 19 billion VND, hoping spread joy throughout the farming community.
Such sights should never appear unachievable in a thriving marketplace that seems more promising than many previous years. Crops prices in numerous regions have risen considerably from 25% to 30% compared to that of the last year’s harvest. For instance, IR 50404 in the first year of 2019 had been observed with an average fluctuation of between 4200 VND/kg to 4500VND/kg until now when it stood around 5000VND/kg, increasing by approximately 1000VND. Not only will this pay dividends, but it also foster growers’ confidence and courage to invest in agricultural production. Moreover, despite the ongoing COVID-19 outbreak, there is not a single sign of a fall in the consumption of rice as it is one of the bare necessities that the Vietnamese and Asians as a whole cannot live without. This explains a recent growing interest in rice exportation. Frankly speaking, proposals to proceed with the rice exportation for generating more income is explicable and worth contemplating to many extents. Concerning the farmers themselves, the burden of a looming future should have been eased in that the following two quarters are on the way to hit their peak. Ultimately, there has been a raging torrent in the Mekong Delta for the past few days, aiding residents in this area in their confrontation with droughts and soil salinity.
Cambodia, whose marketplace is one of the Vietnamese counterparts, has many of its retailers buying more than 30000 tons urea of different types from PVCFC, triple of the previous year. Lately, as the rains have kick-started in Cambodia, the country is recuperating from the downtime brought about by the novel virus and the sprawling drought. Similar to the Mekong Delta, an amount of rainfall is spiking, stimulating demand for fertilizer, especially urea. In consequence, Cambodian retailers are intended to import more urea so that they can satiate the consumers in the upcoming quarters of 2020.
Completing 40% of its estimation in the Mekong Delta, PVCFC’ urea value is revolving around 6500 to 6700VND/kg. Considering discounting offers given by producers, this should never be an exorbitant price.