Observer report Islamabad
Fertilizer industry remains committed to ensure adequate availability of Urea to the farmers at affordable prices.
During the first 10 months (January-October) of the current calendar year, 5.1 million tonnes of urea was sold as compared to 4.6 million tonnes in the same period last year.
The domestic industry has ensured 10% additional supplies in the market and is currently having a much lower inventory lesser than 150 thousand tonnes.
On pricing front, while Urea is domestically being supplied at Rs 1,768 per bag. international prices have jumped more than Rs 10,000 per bag.
In these challenging times, the industry has ensured that our farmers are shielded from global supply disruption and unprecedented international price increase.
However, as per market news it seems that some of the dealers have been creating artificial shortage thereby allowing them to overcharge the farmers to the extent of Rs 200 or more per bag.
FMPAC has requested the chief secretaries of Punjab and Sindh to exercise executive powers against the dealers involved in hoarding and profiteering.
