Agribusiness researcher: fertilizer sales declined

Fertilizer distributors sold 1.4 million tons of fertilizer directly to farmers in the first three quarters, which is 3.2 percent decline, compared to a year before. Fertilizer prices rose by an average of 11.9 percent and net sales were 123 billion HUF, 7.8 percent higher than in the first three quarters of 2018.

According to the Market Research Institute of Agricultural Economics (AKI), the top ten distributors accounted for 85 percent of the total fertilizer sales directly to farmers, similar to the same period in 2018, when their share was 84 percent. (MTI)