AGL 40.18 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.47 Increased By ▲ 0.43 (0.34%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.95 Increased By ▲ 0.51 (1.23%)
DGKC 87.60 Increased By ▲ 0.75 (0.86%)
FCCL 32.73 Increased By ▲ 0.45 (1.39%)
FFBL 65.21 Increased By ▲ 0.41 (0.63%)
FFL 10.30 Increased By ▲ 0.05 (0.49%)
HUBC 109.52 Decreased By ▼ -0.05 (-0.05%)
HUMNL 14.65 Decreased By ▼ -0.03 (-0.2%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.51 Increased By ▲ 0.05 (0.67%)
MLCF 41.70 Increased By ▲ 0.32 (0.77%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.85 Increased By ▲ 3.75 (1.97%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.82 Decreased By ▼ -0.01 (-0.13%)
PPL 151.80 Increased By ▲ 1.74 (1.16%)
PRL 26.64 Decreased By ▼ -0.24 (-0.89%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 84.90 Decreased By ▼ -1.10 (-1.28%)
TELE 7.70 Decreased By ▼ -0.01 (-0.13%)
TOMCL 35.35 Decreased By ▼ -0.06 (-0.17%)
TPLP 8.15 Increased By ▲ 0.03 (0.37%)
TREET 16.03 Decreased By ▼ -0.38 (-2.32%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.37 Increased By ▲ 0.21 (0.8%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,957 Increased By 73.1 (0.74%)
BR30 30,925 Increased By 325.2 (1.06%)
KSE100 93,863 Increased By 507.1 (0.54%)
KSE30 29,091 Increased By 159.7 (0.55%)

Pakistan will have to pay $ 800 million more on import of 1.4 million tons Di-Ammonium Phosphate (DAP) fertiliser next year as its price has gone up from $ 250 per ton to more than $ 850 per ton within a year.
Officials in the Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Sunday that Pakistan needed 2 million tons DAP fertiliser for its two seasonal--Rabi and Kharif--crops annually.
They said that that 20 percent of DAP requirement is met from local production, while about 1.4 million tons fertiliser is imported from different countries--China, USA and the Middle East.
They said the prices of DAP fertiliser have gone up because of soaring increase in the cost of energy, oil, export duty on DAP and greater international demand of the fertiliser. When the price of 50 kg bag was Rs 1100, it was sold to farmers at Rs 850, as the government gave Rs 250 subsidy.
He said that with the extraordinary increase in the prices of DAP fertiliser, which is now Rs 2800 per 50 kg bag, the farmers have cut down the use of fertiliser by 60 percent during the current Rabi crop. It may be added that one quarter of Pakistan Gross Domestic Product GDP is contributed by the agriculture sector and it employs 44 percent of the labour force. Agricultural exports directly and indirectly make up a large proportion of total exports and foreign earnings of the country, sources said.

Copyright Business Recorder, 2008

Comments

Comments are closed.