Urea price hike pronounced artificial, crackdown against hoarders requested: PID

MG News | December 14, 2018 at 11:10 AM GMT+05:00

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December 14, 2018 (MLN): The Press Information Department (PID) has pronounced the current price hike of urea as artificial, stating that certain profiteers are creating shortage in supply of Urea to artificially raise the prices during the current sowing season of Rabi.

In a recent press release addressed to the general public, PID reassured that the Provincial Government has been requested for crackdown against the dealers involved in hoarding of Urea stocks that is resulting into price hike.

The document goes on to confirm that the current stock of urea is sufficient to cater to domestic demand in Rabi season.

“The estimated stocks of Urea at the start of Dec, 2018 were 240,000 MT and country will have total estimated stocks at 885,000 MT during December 2018, to supply against estimated demand of 770,000 MT.”

Likewise there will be sufficient opening stocks of urea in January, 2019 to accommodate the requirements.

“Government has imported Urea which is available for dispatch and also facilitated operations of two fertilizer plants which were earlier closed,” adds PID.

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