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Pakistan's federal cabinet halved the Gas Infrastructure Development Cess for eight sectors, including fertilizer. Urea bag prices are expected to fall from Rs1,740 to Rs1,540, with DAP, NP and CAN also declining.
Lower fertilizer costs in Pakistan may modestly support crop input affordability, but the effect on global feed commodity prices is limited.
profit.pakistantoday.com.pkShahzad ParachaFeb 2, 2019After 199 past policy events, Urea moved a median -0.5% over 5 sessions (43% higher; middle half -2.0% to +1.9%), and -0.5% over 20.
After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% 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.
