Govt to maintain 200,000 tonne urea inventory in March

March 08, 2022: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar chaired the fertilizer review meeting today wherein after due deliberations, the forum decided to maintain 2 lac tonne urea inventory this month on a pro-rata basis by manufacturers, a press release said today.

While carrying the cost of inventory loss of manufacturing companies will be built in the government's next controlled prices of urea. It was told in the meeting that the carrying cost of each urea bag is worth 2-3 rupees.

Federal Minister for Food Security and Research Syed Fakhar Imam joined the meeting through a media link. Other participants include representatives of the fertilizers manufacturing industry and officials of Provincial agriculture departments.

The meeting discussed the domestic production and demand for fertilizers for the next 2022 Kharif season.

The Chair also directed the Ministry Industries to submit the summary of gas supplies from April to June 2022 to northern urea plants in the next economic coordination committee.

The meeting also decided to import urea to hedge the country from global supply disruptions, and higher prices amidst the Ukraine crisis. Ministry of Industries and Production will place a summary in the next ECC.

Speaking to the meeting, Minister Khusro Bakhtyar said that the government had geared up to ensure a smooth, adequate and timely supply of key soil nutrients to farmers in the upcoming Kharif season and the decisions had been made accordingly. He hoped that like last year, the domestic production of urea would be maintained to fulfill the requirements of urea.

The Minister also directed all provincial agriculture departments to prepare district-wise supplies plans as per agronomic demands for the next Kharif season.

Press Release