Tag: urea

Urea sale declines by 15pc

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STAFF REPORT KHI: The sales of Urea in November 2014 fell 15 per cent year-on-year basis but improved 14 per cent month-on-month basis, according to the latest data of the National Fertilizer Development Centre (NFDC). On a month-on-month basis, urea off-take increased to 467,000 tons. On the other hand, diammonium phosphate (DAP) off-take registered a significant growth of 30 per cent on a monthly basis while its sales dropped 6 per cent year-on-year. In the first 11 months of calendar…Read More

Gas shortage declines urea production

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article image STAFF REPORT IBD: The fertiliZer sector’s performance remained dismal during 2012 mainly due to the unprecedented cut in gas supply: hardly 4.1 million tons of urea was produced against an installed capacity of 6.9 million tons. The sharp decline in the overall production was mainly because of weak performance of SNGPL-based fertiliser plants, facing the worst-ever gas crisis."SNGPL-based fertilizer plants produced only 11.6 percent of their total urea production capacity. Urea production…Read More

Urea plants accused of grabbing subsidy benefits

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article image STAFF REPORT LHR: The Ministry of Industries has accused the local urea manufacturers of increasing prices by 86 per cent against a 37 per cent hike in gas price, besides reaping benefits of a subsidy of Rs 77 billion over the past four years. This was the crux of a meeting of the National Assembly’s Standing Committee on Industries, which met with Dr Abdul Wahid Soomro in the chair."The government extended Rs 77 billion as subsidy to local urea manufacturers in the past four years, but…Read More

Urea price may be cut by Rs150/bag

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article image STAFF REPORT LHR: The government has devised a new price formula recommending reduction of Rs 68 per MMTBU in Gas Development Surcharge (GDS), 4.7 per cent reduction in GST and provision of 200 MMCFD uninterrupted gas supply to urea plants, which will reduce the urea price by Rs150 per bag."The Ministry of Industries has also recommended to the ECC that the urea availability as per demand can be ensured through combination of provision of gas to the local fertilizer industry and import of…Read More

Gas supply to fertilizer plants may stop urea import

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article image STAFF REPORT IBD: The government is likely to shelve its plan to import 0.3 million tons of urea for Rabi season as the Petroleum Ministry after consultations with the local fertilizer industry has agreed to supply the required gas to the sector.According to sources, 39mmcfd gas will be supplied to Dawood Hercules Limited from SNGPL system whereas Agritech Limited (former Pak Arab Fertiliser Limited) will get 22mmcfd gas from Makori East gas field. The 60 mmcfd gas being supplied to Guddu…Read More

TCP seeks Rs 25 billion from govt for urea import

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article image STAFF REPORT IBD: The Trading Corporation of Pakistan (TCP) asked the federal government to provide Rs 25 billion on an immediate basis for the import of urea.It was also informed that TCP has sought Rs 25 billion for overall import operation of 0.3 million tons of urea. Out of this amount approximately Rs 12-13 billion will be the commodity cost and the remaining amount will be utilized for payment of taxes, duties and other expenses viz urea import.Presently, TCP enjoys a strengthened…Read More

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Gas diversion to power sector halts urea production

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article image STAFF REPORT KHI: Gas supply to the Fauji Fertilizer Bin Qasim Limited (FFBL) remained suspended even after the passage of about ten days for which the company had to shut down its Urea plant, whereas its DAP plant continued to operate due to its lower gas requirements.According to an official, the government had decided to curtail FFBL’s gas for 3 days on rotational basis; consequently the company’s gas would be fully restored by June 23, yet the situation persists.Clarity is yet to emerge…Read More

Urea prices in Pakistan go up by Rs300/50kg bag

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article image STAFF REPORT IBD: The urea prices have gone up from Rs 1300 to Rs 1600 per 50kg bag in the country when the Economic Co-ordination Committee (ECC) of the Cabinet, met last week, approved increase in its prices.The ECC, presided over by Finance Minister Dr Abdul Hafeez Sheikh, also approved exemption of 16 per GST on the fixed charge of hydroelectric power, and a loan of Rs 6.1 billion for Pakistan Railways.According to source, the government would give a subsidy of Rs 2.720 billion on account of…Read More

High urea prices cease heavy wheat export chances

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article image STAFF REPORT IBD: Pakistan is expected to produce 24 million tons wheat this year, only one million less than the set target, however, the sky-high prices of urea forced the farmers to use this basic agri input for the crop about 50 per cent in quantity, otherwise the crop volume could have been over 28 million tons comforting the cash-strapped government to import over five million tons against heavy foreign exchange.As far as year 2012 is concerned there would not be any wheat flour shortage…Read More

Black-marketing of urea at alarming level

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article image STAFF REPORT LHR: As many as 23,000 urea bags are being black-marketed daily in the Punjab province, while the provincial government agencies have no mechanism to trace the mafia involved in this crime which is rendering billion of rupees loss to farmers. A huge amount has been wasted on account of subsidy on imported urea, but farmers cannot get the benefit of even a single penny.Official figures reveal that on average some 1,100 tons of imported urea has gone untraceable in distribution…Read More