FFC increases DAP prices by Rs700 per bag

MG News | June 10, 2022 at 01:29 PM GMT+05:00

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June 10, 2022 (MLN): Fauji Fertilizer Company Limited (FFC) has increased DAP prices by Rs700 per bag with effect from June 18, 2022, Ismail Iqbal Securities said today.

“Due to steep PKR depreciation, and rising international & local freight costs, we expect another hike to the tune of Rs. 300-400/bag in July-22,” it noted.

To note, the price of a 50 kg bag of DAP in the domestic market during April 2022 edged up by 0.7% to Rs9,396 when compared to Rs9,327 reported in March 2022, a monthly report of fertilizer offtake issued by the National Fertilizer Development Company (NDFC) showed.

The sales of DAP witnessed a significant increase of 106.3% to 95,000 tonnes in April 2022, against 46,000 tonnes recorded in the same month last year.

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