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Pakistani fertilizer makers face a delayed government subsidy payment of about Rs 20 billion, raising their financing costs by over 23 percent through costly short-term borrowing. Industry sources say earnings could fall 33 percent versus last year.
Sales hit a record in August as dealers stocked up on discounts, and exports eased inventories.
Higher financing costs and a reduced urea subsidy pressure fertilizer makers' margins and supply willingness, which can tighten domestic urea availability and support prices for farmers and feed-related nutrient costs.
profit.pakistantoday.com.pkMoazam BaigOct 20, 2017After 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.
