# Fertilizer: Urea price hike on the cards following denial of relaxation on GIDC payments

> 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.

- Date: 2020-09-15 · published 2020-09-15T12:00:00.000Z
- Category: policy · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/51408-fertilizer-urea-price-hike-on-the-cards-following-denial-of-relaxation-on-gidc
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

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.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-06-22 | [Fertilizer industry hints at hike in urea price - Business Recorder](https://feedsoft.ai/events/52917-fertilizer-industry-hints-at-hike-in-urea-price-business-recorder.md) | +2.3% | +6.2% |
| UREA | 2024-03-01 | [Engro Fertilizers raises urea price by Rs740 amid gas hike](https://feedsoft.ai/events/6435-engro-fertilizers-raises-urea-price-by-rs740-amid-gas-hike.md) | +8.3% | +5.8% |
| UREA | 2022-09-01 | ['Substantial upside risk' to urea prices - but values of other fertilizers to dip - Grain Price News](https://feedsoft.ai/events/12415-substantial-upside-risk-to-urea-prices-but-values-of-other-fertilizers-to-dip.md) | -5.4% | -5.9% |
| UREA | 2021-11-19 | [DA, FPA connects with FIAP on Increasing Fertilizer Prices](https://feedsoft.ai/events/44335-da-fpa-connects-with-fiap-on-increasing-fertilizer-prices.md) | +7.6% | -0.5% |
| UREA | 2021-11-11 | [Will the Fertilizer Crisis Hit Global Grains Production? \| CZ app](https://feedsoft.ai/events/44009-will-the-fertilizer-crisis-hit-global-grains-production-cz-app.md) | -1.3% | -1.8% |

## Sources

- mettisglobal.news: https://mettisglobal.news/fertilizer-urea-price-hike-on-the-cards-following-denial-of-relaxation-on-gidc-payments

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.