Islamabad, December 13, 2021 (PPI-OT): The fertiliser industry has assured the government of running its manufacturing plants with full capacity to meet the monthly needs of soil nutrients during Rabi season. The assurance was given at a fertilizer review committee meeting, which held in Islamabad on Monday with Minister for Industries and Production Khusro Bakhtyar in the chair and reviewed the projection of urea production, supplies and distribution to agri-pockets of the country.

The Minister commended the efforts of the industry to ensure adequate urea supplies and punitive measures by government departments against hoarders and profiteers resulting in significant reduction in urea close to notified price of 1768 rupees per bag.

He hoped that price sustainability would relieve the market stress over urea prices, which had reached to 2500 to 2800 rupees per bag in past few weeks due to black marketing and profiteering by hoarders. Khusro Bakhtyar noted that the pro-agricultural policies of incumbent government had not only scaled up domestic urea production but also resulted in lower urea prices as compared to the global prices; and this would reflect in increased crop production and farmer’s income.

The Minister directed that Provincial authorities to carry vigilant border monitoring to avoid inter-provincial supplies anomalies and rationalize urea supplies district wise for market correction. The meeting concluded with guidelines for Provincial departments and fertiliser manufacturers to identify the factors involved in black marketing and over-supply of urea to avoid any market stress amidst Rabi season. The meeting was attended by the top management of fertiliser industry, Provincial departments and senior officials of Petroleum Division.

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