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Pakistan's urea and DAP sales fell in November, with urea offtake down 17.4% year-on-year to 497,000 tonnes and DAP down 47% to 265,000 tonnes, attributed to high prices. The government raised the urea import quota by 100,000 tonnes to 1.1 million tonnes for December and is subsidizing urea at about Rs845 per bag.
Weak offtake alongside higher prices and a larger import quota points to softer domestic fertilizer demand near term, though Rabi crop demand is expected to lift sales in December. Pakistan's import activity and subsidy policy shape regional urea and DAP demand.
dawn.comThe Newspaper', s Staff ReporterDec 27, 2018After 26 past neutral policy events, Urea moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
After 29 past neutral policy events, DAP moved a median +0.2% over 5 sessions (55% higher; middle half -0.4% to +1.3%), and +1.9% 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.
