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Sui Northern Gas Pipelines ordered Agritech Limited and Fatima Fertiliser to cut their RLNG supply to zero by midnight on April 30 so gas could be diverted to the power sector. Gas supply to the fertiliser industry was also suspended for several months last year, cutting urea output by about 200,000 tonnes.
Farmers are paying well above the official urea price per bag.
Reduced gas supply to fertiliser plants cuts domestic urea output and tightens availability ahead of the Kharif season. This supports higher urea prices in Pakistan.
dawn.comAmjad MahmoodMay 2, 2022After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
