Urea prices on rise amid wheat cultivation
Business
December 16, 2020
LAHORE: Urea prices have increased approximately Rs100 per 50 kilograms compared to the controlled rate of Rs1,668 per 50 kg bag as widening demand and supply gap of the nutrient is affecting wheat cultivation, industry people said on Tuesday.
The availability of urea fertiliser on the controlled price during wheat cultivation is becoming challenging day by day amid strong demand. Prices are in the range of Rs1,725 and Rs1,760 per bag, said Khalid Khokhar, president of Pakistan Kissan Ittehad.
Wheat is cultivated on almost 22 million acres in Pakistan. Urea fertiliser consumption of this crop is around 2.2 million metric tons. Its application starts with sowing in November and December and continues till mid of February.