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According to Pakistani media reported Tuesday, the domestic shortage of urea, the Pakistani government imported 300,000 tons of urea to meet the needs of farmers, and to pay 2.5 billion rupees (about 24.25 million U.S. dollars) subsidy.
According to reports, Pakistan in July this year with three international trader signed a urea import contracts, respectively, from three dealers at import 75,000 tons, 75,000 tons and 150,000 tons of urea, the price was $ 317 per ton, $ 309.9 and $ 311.71.
The sources said that despite the international market price of urea has dropped dramatically, the price of these three orders are also at a reasonable level, but its price is still higher than the Pakistani domestic urea. Thus the Pakistani government still needs to pay high subsidies to allow imports of urea prices and domestic markets.
Currently, the Pakistani government for the import of urea set 1600 rupees per 50 kg price, the price is lower than the domestic urea 1650-1675 rupees per 50 kg.
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