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Pakistan's government has been diverting natural gas to power plants, which the article says violates the 2001 Fertilizer Policy and curtails supply to fertilizer plants. The piece also notes that urea prices fell to about US$160/ton before oil-linked gas costs rose with crude's recovery.
Reduced gas supply to Pakistani urea plants can cut domestic output and raise import needs, which supports international urea demand. The effect on feed-grain prices is indirect and modest.
pakistangulfeconomist.comShabbir KazmiJan 7, 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.
