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Pakistan's government rejected fertiliser manufacturers' request to stretch GIDC levy payments from two years to ten, according to a Fortune Securities report. Manufacturers have indicated they may raise urea prices by Rs 500 per bag on the 24-month schedule or Rs 100 per bag on the 10-year schedule.
A possible urea price increase in Pakistan would raise fertiliser costs for local crop producers, though the report itself calls a Rs 500 hike unlikely. The effect on global urea prices is limited because this is a single-country domestic levy dispute.
mettisglobal.newsMG News15 Sep 2020Setelah 129 peristiwa kebijakan bullish sebelumnya, Urea bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -1,3% sampai +2,3%), dan +1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
