Fifty thousand tons of urea, imported by the Trading Corporation of Pakistan (TCP), will arrive by July 18 which will meet the needs of farmers during the current Kharif sowing season and help reduce prices in the country.
According to TCP on Friday, the imported urea will start arriving from next week as a vessel carrying 25,000 tons will reach Gwadar Port on July 11. Another ship carrying a further 25,000 tons will arrive at the same port on July 18.
In addition to these, TCP said, two more ships carrying 50,000 and 25,000 tons of urea were scheduled to sail from Yuzny Port, Ukraine and Bayuquan Port, China on July 9 and would arrive at Gwadar and Karachi ports in the next 10 to 12 days.
Earlier, TCP had struck contracts for import of 150,000 tons of urea following a decision of the Economic Coordination Committee to meet urgent requirement of farmers for crop sowing. Of the total quantity, 50,000 tons are being imported from Saudi Basic Industries Corporation (SABIC) under the Saudi Fund for Development’s credit facility.
Initially, SABIC had to supply the committed quantity in the second half of July, but they have started shipments well before time, TCP said.
Published in The Express Tribune, July 9th, 2011.
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