PetroVietnam fertiliser and Chemicals company (PVFCCo) will increase fertiliser prices by 40 per cent this year.

A director of the company, Cao Hoai Duong, said the rise stemmed from a 40 per cent increase in input gas.

This year, the company plans to produce 800,000 tonnes of nitrogenous fertiliser and distribute 560,000 tonnes of urea made by Ca Mau Fertiliser Plant.

(Source: Vietnamnet)