April fertiliser sales in Pakistan surged 27%, YoY, to 570,000 tons as fears of a price increase fuelled demand. Sales of urea rose 50% to 375,000 tons, while diammonium phosphate fertiliser sales fell 28%. Among fertiliser companies, Fauji Fertiliser Bin Qasim reported a near-150% rise in annual sales, while those of Fauji Fertiliser Company grew 82%. The government has also been trying to boost the domestic market by offering incentives for farmers and manufacturers to invest more money into research and development.
April fertiliser sales in Pakistan surged 27%, YoY, to 570,000 tons as fears of a price increase fuelled demand. Sales of urea rose 50% to 375,000 tons, while diammonium phosphate fertiliser sales fell 28%. Among fertiliser companies, Fauji Fertiliser Bin Qasim reported a near-150% rise in annual sales, while those of Fauji Fertiliser Company grew 82%. The government has proposed a 2% general sales tax on all fertilisers in its budget forecasts for 2019