Farming community waiting for implementation of fertilizer subsidy package: NFDC

News Image

MG News | June 23, 2020 at 06:15 PM GMT+05:00

0:00

June 23, 2020 (MLN): The farming community is waiting for implementation of fertilizer subsidy package in the wake of COVID-19 which has resulted in low offtake of both these fertilizers.

According to a monthly report by National Fertilizer Development Center (NFDC), the total nutrient offtake during the month of May 2020, was about 173 thousand tonnes, which shows a decrease of 62.2 percent over the same period of last year.

Similarly, Nitrogen offtake was around 134 thousand tonnes, which represents a decrease of 60.5 percent over the same period. Phosphate offtake was 36 thousand tonnes witnessing a decrease of 69 percent over May 2019, whereas Potash offtake witnessed an increase by 37.8 percent.

Total nutrient offtake during the first two months of Kharif 2020 (April-May) was about 440 thousand nutrients tonnes, which showed a downward trend by 36.7 percent over the same timeframe of Kharif 2019. Nitrogen offtake decreased by 40.5 percent. Phosphate offtake also decreased by 26.8 percent while potash offtake increased by 18.2 percent.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 181,280.84
127.12M
1.25%
2245.91
ALLSHR 108,479.93
249.66M
1.01%
1087.19
KSE30 55,729.57
67.25M
1.29%
712.16
KMI30 257,766.31
43.57M
1.20%
3067.23
KMIALLSHR 70,151.57
121.56M
0.97%
673.61
BKTi 51,662.74
34.19M
1.69%
860.32
OGTi 36,384.55
2.21M
0.82%
297.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 92,900.00 93,970.00
91,595.00
2710.00
3.00%
BRENT CRUDE 60.58 61.24
60.00
-0.17
-0.28%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
0.55
0.64%
ROTTERDAM COAL MONTHLY 98.15 98.15
97.40
1.25
1.29%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 57.08 57.73
56.56
-0.24
-0.42%
SUGAR #11 WORLD 14.60 15.05
14.57
-0.41
-2.73%

Chart of the Day


Latest News
January 05, 2026 at 10:01 AM GMT+05:00

FBR seals two chutes at Safina Sugar Mills


January 05, 2026 at 09:44 AM GMT+05:00

Asia markets advance amid global geopolitical tensions


January 05, 2026 at 09:33 AM GMT+05:00

NBP issues foreign exchange rates


January 05, 2026 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg