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Urea retail prices in Pakistan have risen to Rs1,800 per 50kg bag, above the maximum retail price of Rs1,600, as several fertiliser plants have closed. Dealers are reported to be hoarding stock amid the supply gap.
Officials are discussing gas supply for three closed plants to restore about one million tonnes of idle capacity.
Lower domestic urea output and hoarding tighten local supply and push prices up, which raises input costs for Pakistani farmers. Restoring gas to idle plants is the main lever for easing prices.
tribune.com.pkOur CorrespondentAug 2, 2018After 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.
