Subsidy by Punjab govt improves DAP off-take by 240%

MG News | June 25, 2019 at 05:57 PM GMT+05:00

0:00

June 25, 2019 (MLN): DAP offtake for the month of May 2019 has increased by 240.8 percent to 213 thousand tonnes, mainly due to the subsidy provided by Government of Punjab.

As per the data maintained by the National Fertilizer Development Centre, the largest portion of overall offtake during the said period was sold in Punjab, where around 136 thousand tonnes were consumed.

From the remaining amount, 64 thousand tonnes were sold in Sindh, 7.3 thousand tonnes in Balochistan, whereas 6.5 thousand tonnes were sold in Khyber Pakhtunkhwa.

Total availability of DAP during May 2019 was 717 thousand tonnes, comprising of 620 thousand tonnes inventory, 21 thousand tonnes imported supplies and 76 thousand tonnes of local production.

Therefore, the closing balance works out to be about 503 thousand tonnes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,940.00	118,295.00 116,115.00	2115.00 1.83%
BRENT CRUDE	67.47	68.42 67.34	-0.48 -0.71%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.29	64.20 63.11	-0.41 -0.64%
SUGAR #11 WORLD	16.05	16.27 15.89	-0.22 -1.35%