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.
Farmers Day on 18th
December 16, 2020
ISLAMABAD: The second Pakistan Farmers Day, titled “Salam Kissan, Sarsabz Pakistan” will be celebrated on December 18 all over the country to recognise the massive contribution of farmers to the economy, employment and food security, a statement said on Tuesday.
Fatima Fertiliser is the moving force behind annual celebration of “Farmers Day” in an effort to help the farming community with higher crop yields and a better lifestyle.
The first Farmers Day was celebrated on the same date last year and was recognised by Prime Minister Imran Khan and the cabinet as a major contribution to farmers’ causes in Pakistan. Prime Minister tweet December 18th, 2019 read, “On Kissan Day I want to reiterate our commitment to facilitating our small farmers in increasing their yields, getting fair prices for their crops & improving market access. We are also ensuring their access to Sehat Health Cards & to educational scholarships through Ehsaas
This is the first time Pakistan has not received a bid since it entered the spot market five years ago. Dawn/File
ISLAMABAD: In a major setback to gas-starved consumers, Pakistan could not get even a single bid for three LNG (liquefied natural gas) cargoes meant for the first half of January and attracted the highest price for the second half of the month mainly because of delayed tenders amid rising international prices.
Pakistan LNG Limited (PLL) had issued tenders for six cargoes for delivery between Jan 8 and Feb 1. In response, no supplier or trader bid for the first three slots between Jan 8 and Jan 18. This is the first time that the country did not get a bid since it entered the spot market five years ago.