Tag: Fertiliser

KARACHI - As the gas curtailment eases, the production as well as offtake of fertiliser for the month of March 2011 is expected to show abnormal offtake figures due to pre-buying, as from 15 March 2011, the government implemented sales taxes on fertiliser and since fertiliser prices witnessed an increase as they were passed onto the final consumer. On the whole, the fertiliser sector witnessed a growth of 5%MoM in total industry offtakes in the month of February, 2011, and this

ISLAMABAD - Gas supply to fertilisers and Independent Power Producers (IPPs) will resume shortly.
Secretary Petroleum and Natural Resources Imtiaz Kazi said that the country was facing a daily gas shortfall of 900 million mmcfd against a total production of 4.20 billion mmcfd. He said that security problems were a hindrance to get 40 million mmcfd of gas production from reservoirs in Khyber Pakhtunkhwa and Balochistan.
He added, as per contract dated 1983, that gas to the

KARACHI - The government's decision to levy GST on key agricultural inputs is believed to push up FY12E farm costs by five to six percent. This should be partly covered by higher farm revenue, as output prices have risen substantially during FY11. It is also likely farmer liquidity will be squeezed in the interim, which poses risk to near-term demand, in particular for DAP. In the case of urea, note the price differential will remain in favor of domestic producers, with domestic urea

KARACHI - BNY Mellon, the global leader in asset management and securities servicing, has been selected by Fatima Fertiliser Company Limited (FFCL) as the depositary bank for its American Depositary Receipt (ADR) program.
Fatima ADRs will be traded on the over-the-counter (OTC) market in New York under the symbol 'FTMFY'. Fatima Fertiliser's ordinary shares trade on all the country's three stock exchanges in Karachi, Lahore and Islamabad. The US Security Exchange Commission of

KARACHI - Higher fertiliser prices and enhanced gas curtailment, during January, has reduced total fertiliser off-take by an annual 22 percent. According to data, released by the National Fertiliser Development Centre, off-take stood at 540,000 tonnes. DAP off-take dwindled an annual 36 percent in January and reached 59,000 tonnes.
This was triggered by high DAP prices and enhanced gas curtailment at FFBL's plant. FFBL's DAP plant has been shut since January 13, 2010. Despite the

LAHORE - Punjab Agriculture Minister Malik Ahmad Ali Aulakh has directed all Executive District Officers (EDO) to ensure availability of urea fertiliser in the market at government fixed rates. He warned that action would be taken against officers who fail to ensure fertilisers availability at fixed prices.
Aulakh issued these directives, while chairing a meeting of the Executive District Officers (EDOs) of Cotton Zone, here on Monday. The agriculture minister said that increase

KARACHI - The increased gas curtailment to 20 percent and 12 percent from the Sui and Mari gas networks respectively is expected to lead to the supply falling below the expected demand of six million tonnes in 2011.
This is will likely force the government to import more urea and earlier than anticipated. Moreover, the recent price hike of Rs190 per bag of urea is more than enough to offset any production losses.
Despite gas curtailment since April 2010, urea offtake in

KARACHI: The total fertiliser off-take dwindled by 13 percent in the first nine months of 2010 and stood at 5.6 million tons in comparison to 6.4 million tons last year, according to the latest fertiliser data released by the National Fertiliser Development Centre.
The decrease was primarily associated with a massive slump in off-take during the month of August following the recent floods in the country.
However, the total fertiliser off-take during the month of September

KARACHI
Prime Minister Yousaf Raza Gilani has directed the Trading Corporation of Pakistan to move its food and fertilisers cargoes to the new terminal set up at Port Qasim at a cost of Rs 10 billion.
The prime minister issued this directive to the TCP while inaugurating Pakistan's first fully-automated terminal, built to handle dry grains and fertiliser cargoes in bulk. He said the setting up of the country's most modern terminal in Karachi would promote economic growth,

ISLAMABAD: The Ministry of Petroleum has flatly refused the allocation of further gas for any new fertiliser plants, saying under present circumstance there was no possibility to allocate any fresh gas quota for any newly installed fertiliser plant in the next five years.
According to official sources this reply was made by the petroleum ministry to an official request forwarded by the Ministry of Industries, which had sought additional gas quota for the development of a new 0.5