Urea: Price hike to hurt farming community
surge in urea price will cause Rs150 billion annual loss to the farming community
Express
November 02, 2011
Less than a minute read
HYDERABAD:
The surge in urea price will cause Rs150 billion annual loss to the farming community while the fertiliser companies will pocket Rs58.4 billion, claimed Sindh Abadgar Board, an organisation representing farmers. In a statement issued on Tuesday, the board criticised the raise and demanded a reduction in the rate to Rs1,200 per urea bag. Drawing a comparison between the rate of urea and selling price of different crops in the years 2010 and 2011, the board’s President Abdul Majeed Nizamani depicted a drop in earnings. According to him, while the price of urea bag was Rs800 in 2010, rice was sold at around Rs900 per maund and cotton between Rs3,500 to Rs4,500 per maund. This year, he said, the price of the same crops fell to Rs750 per maund rice and the cotton rate varying between Rs1,000 to Rs2,000 per maund.
Published in The Express Tribune, November 2nd, 2011.
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