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Pakistan's government rejected fertiliser manufacturers' request to stretch GIDC levy payments from two years to ten, according to a Fortune Securities report. Manufacturers have indicated they may raise urea prices by Rs 500 per bag on the 24-month schedule or Rs 100 per bag on the 10-year schedule.
A possible urea price increase in Pakistan would raise fertiliser costs for local crop producers, though the report itself calls a Rs 500 hike unlikely. The effect on global urea prices is limited because this is a single-country domestic levy dispute.
mettisglobal.newsMG News15 sept 2020Tras 129 eventos alcista de política pasados, Urea se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -1,3 % y +2,3 %), y +1,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
