Urea

SCA also expressed alarm on hoarders black marketing fertiliser and the sale of spurious seeds

Urea and DAP prices have gone up more than 20% year-on-year

In January 2019, total urea sales stood at 564,000 tons

ECC imposes restrictions on export of sugarcane molasses to curb tax evasion

Rates go up despite government's assurance of subsidy

Wheat crop expected to bear brunt of shortage

Rate swells up to Rs1,800 per bag whereas dealers resort to hoarding

Subsidy withdrawal and inventory fall blamed for rise in fertiliser prices

Pricing power of manufacturers expected to increase due to low inventory, higher demand

Almost all manufacturers post declining trends

Demand is likely to return to normal levels in second half of 2017

Backlog of Rs20b subsidy claims persists

An average grower saves Rs2,485 per hectare on urea, Rs3,437 per hectare on DAP

DAP demand falls 35% as subsidy issues hamper imports

Says manufacturers are hoping policymakers will withdraw GST instead of giving subsidy on urea in upcoming budget

Amount to 251,000 tons, according to provisional off-take figures

Companies blacklisted; references forwarded to NAB