Pakistan’s government halts urea price hike to support farmers
Federal Industries Minister demands reversal of recent urea price increases amid critical planting season.
Federal Industries Minister demands reversal of recent urea price increases amid critical planting season.
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The Competition Commission has issued notices to six major urea fertilizer companies and the Fertilizer Manufacturers Advisor Council (MAC) for alleged price fixing.
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The adjustment in urea fertilizer prices comes as a direct response to significant increases in gas tariffs by the federal government.
Pakistan's leading urea producer reports high earnings despite economic headwinds.
Amidst hoarding and market manipulation, major companies unite to ensure fair pricing for farmers.
Fragile economic situation and dwindling forex reserves put pressure on essential urea fertilizer imports, impacting farmers and food security.
Industry experts fear trade rerouting and new inflationary pressures, particularly impacting DAP fertilizer manufacturing.
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RFPA anticipates a 10% increase in fertilizer output and restoration of export levels by 2024.
Pakistan welcomes Azerbaijani urea as it combats scarcity and soaring prices during Rabi cropping season.
The country explores the potential of gas reserves to boost fertilizer production and ensure food security.
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The volume is required to meet early February needs.