Loading…
Pakistan's government raised fertilizer prices by Rs20 per 20kg bag, with the increase tied to higher gas prices offset by a cut in the Gas Infrastructure Development Cess. Urea was allowed to rise only Rs10 per bag, and the government had earlier approved importing one tonne of urea to balance supply.
The small urea price increase signals only modest cost pressure for Pakistani growers, while imports are being used to protect supply. Limited impact is expected on global nitrogen prices.
dawn.comThe Newspaper', s Staff ReporterJul 19, 2019After 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.
