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Pakistan's government extended the deadline for urea exports by six months, but industry experts say the move will do little to ease the fertilizer sector's supply glut. Small producers face unviable costs, with LNG feed gas translating into about Rs 1200 per bag of input cost.
Export relief depends on international urea prices improving, which is not expected in the near term, so Pakistani surplus supply is likely to keep pressure on regional nitrogen pricing rather than tighten global supply.
profit.pakistantoday.com.pkMonem FarooqiJul 12, 2017After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
