FFC, EFERT increase urea prices further by Rs 50 per bag

News Desk

Islamabad: FFC and EFERT have increased prices of urea by Rs 50 per bag effective from August, 2021.

As per our channel checks, FFC and EFERT have increased urea prices by PKR 50/bag(effective
from August), taking current prices (Dealer Transfer Price)to hover near PKR 1,720/bag, MBA Capital Management said in a note.

Local urea prices are currently trading at a discount of over 60% compared to
international prices. Other players are likely to follow suit. We expect this increase to have
an earnings impact of PKR 1.3,PKR 1.1,PKR 0.3,and PKR 0.2 per share for FFC,EFERT,FFBL
and FATIMA,respectively, it further said.

Fauji Fertilizer Company (FFC) being the largest fertilizer manufacturing and marketing company of Pakistan was the first one to reduce the price of Sona Urea by Rs. 375 per bag on account of waiver of GIDC by the Government of Pakistan in their effort to support the farming community and to further reduce farm input cost.

As the market leader, FFC has always patronized the farming community of Pakistan with a prime focus on the provision of high-quality fertilizers to the farmers at affordable prices, ultimately ensuring food security in the country. The company’s resolve to improve farm economics in the country and increase farmer’s income and wellbeing has always remained the hallmark of FFC.

Keeping in view the pandemic situation prevailing in the country, our farmers need further support to meet the country’s Agri demand and ensure food security. Despite the high cost of production, FFC has further slashed the price of Sona Urea by Rs. 23 per bag amounting to Rs. 1642 per bag. The same was being previously sold at Rs. 1665. This truly reflects on the company’s resolve and commitment to continue the journey towards progress and rendering services to the country.

The FFC stands firm with the farmers in these hard times and promises to stand with them to ensure a prosperous future for Pakistan.