As of May 20, 2026, Russian diammonium phosphate (DAP) is the most expensive fertilizer on the Vietnamese market, significantly outpacing its competitors. Russian DAP is priced at 1,245,000 VND per bag (ranging from 1,220,000 to 1,270,000 VND), while Korean DAP costs 1,095,000 VND per bag — meaning the Russian product is 150,000 VND more expensive per bag. Among other fertilizers, NPK Binh Dien 20-20-15 stands at 960,000 VND per bag, Ca Mau urea at 675,000 VND per bag, and Lam Thao phosphate remains the cheapest at just 305,000 VND per bag. Potash fertilizers from Ca Mau and Phu My are priced at 560,000 VND and 545,000 VND per bag respectively, while NPK variants range from 715,000 to 960,000 VND depending on brand and composition.
Meanwhile, the European Union is taking strategic steps to address rising fertilizer prices amid Middle East tensions. The European Commission announced on May 19 that it will evaluate options for ensuring fertilizer supply readiness, including requiring member states to maintain seasonal or minimum stocks and potentially implementing joint procurement of fertilizers. Commissioner for Agriculture Christophe Hansen stated that “food security begins with fertilizer security,” emphasizing the need for Europe to produce more fertilizers domestically and reduce external dependency. Before the current crisis, up to one-third of global fertilizer trade passed through the Strait of Hormuz. Nitrogen fertilizer prices have already risen approximately 70% compared to the 2024 average, as natural gas accounts for up to 80% of production costs. Nordic countries like Finland and Sweden have already established or announced plans for fertilizer stockpiles. The EU also plans to amend its Common Agricultural Policy to allow advance payments to farmers and create a “pioneer market” for organic and low-carbon fertilizers produced within Europe.
