Vietnam's domestic urea will surplus in 2015

According to the “Vietnamese Economic Times” reported on October 21, the Ministry of Agriculture and Rural Development of Vietnam stated that the current domestic production of urea in Vietnam is only about 900,000 tons, and it is far from meeting the needs of the domestic market of about 2 million tons per year. However, by 2015, after the multiple nitrogen fertilizer plants under construction are put into production, the annual output of urea will be 3.5 times that of the present, which greatly exceeds the demand of the domestic market, coupled with the competition of lower-priced and cheaper urea produced in China, so domestic urea must be produced. Seek other new markets.

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