Fertilizer Prices 2024 Philippines. Natural gas is the base ingredient. Higher fertilizer prices could cause philippine rice consumption to drop in 2024 and 2025, the bank said.
Fas manila revised my 2022/23 milled rice production downward to 11.975 million mt both because of a 3 percent expected reduction in yields as soaring fertilizer prices result in. Nitrogen did have some supply issues in 2024, specifically higher natural gas prices in europe curtailing some nitrogen fertilizer production there.