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Pakistani fertilizer makers Fauji Fertilizer and Engro Fertilizers reported 4Q2017 earnings, with FFC's CY2017 profit down 9%. The article argues that the industry needs a supportive policy after a 2017 inventory glut eased through urea exports, for which the government had not paid the promised subsidy.
Unpaid export subsidies and inventory pressure can curb urea export appetite and weigh on urea prices. The article is mainly company earnings commentary, so its price impact is limited.
pakistangulfeconomist.comShabbir KazmiApr 22, 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.
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.
