# After urea price hike, farmers to bear extra Rs30b cost

> Urea market prices in Pakistan have settled at Rs1,600 per bag, up Rs200-250 from late 2017, after subsidy withdrawal and falling inventories. Experts estimate the price rise will cost farmers around Rs30 billion annually.

- Date: 2018-06-20 · published 2018-06-20T12:00:00.000Z
- Category: policy · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/64828-after-urea-price-hike-farmers-to-bear-extra-rs30b-cost
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower dealer and national inventories and subsidy withdrawal point to firmer urea and DAP prices in the region, which raises crop input costs and may shift farmer demand toward alternative fertilisers like NPK.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-01-05 | [Shake-up in EU fertilizer pricing to hit farmer costs \| Latest Market News](https://feedsoft.ai/events/20991-shake-up-in-eu-fertilizer-pricing-to-hit-farmer-costs-latest-market-news.md) | +1.7% | +14.0% |
| 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 | 2021-12-08 | [Farmers ask US Justice Department to investigate fertilizer price spikes \| Reuters](https://feedsoft.ai/events/43923-farmers-ask-us-justice-department-to-investigate-fertilizer-price-spikes-reuters.md) | +0.1% | -18.9% |
| UREA | 2021-10-20 | [Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global](https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global.md) | -2.0% | +9.0% |
| DAP | 2021-10-20 | [Rice Prices Set to Rise as Fertilizer Rally Drives Up Farm Costs - Caixin Global](https://feedsoft.ai/events/44642-rice-prices-set-to-rise-as-fertilizer-rally-drives-up-farm-costs-caixin-global.md) | +0.0% | +4.3% |
| DAP | 2023-02-14 | [Fertiliser companies seek govt permission to hike MRP of non-urea fertilisers amid input costs rise \| Times Now](https://feedsoft.ai/events/37667-fertiliser-companies-seek-govt-permission-to-hike-mrp-of-non-urea-fertilisers.md) | +0.2% | -2.5% |
| DAP | 2024-06-24 | [China Imposes More Fertilizer Export Controls to Protect Farmers - Bloomberg](https://feedsoft.ai/events/29670-china-imposes-more-fertilizer-export-controls-to-protect-farmers-bloomberg.md) | +1.2% | +0.5% |

## Sources

- tribune.com.pk: https://tribune.com.pk/story/1738698/urea-price-hike-farmers-bear-extra-rs30b-cost

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