ISLAMABAD: Federal Minister for Industries and Production Makhdum Khusro Bakhtyar chaired the fertilizer review meeting on Tuesday.
Federal Minister for Food Security and Research Syed Fakhar Imam joined the meeting through media link. Other participants included representative of fertilizers manufacturing industry and officials of Provincial agriculture departments.
According to a press release, the meeting discussed the domestic production and demand of fertilizers for next 2022 Kharif season. After due deliberations, the forum decided to maintain 2 lac tonne urea inventory in this month on pro-rata basis by manufacturers and carrying cost of inventory loss of manufacturing companies will be built in government’s next controlled prices of urea.
It was told in the meeting that the carrying cost of each urea bag is worth of 2-3 rupees. The Chair also directed the Ministry of Industries to submit the summary of gas supplies from April to June 2022 to northern urea plants in next economic coordination committee. The meeting also decided to import urea to hedge the country from global supply disruptions, and higher prices amidst Ukraine crisis.
Ministry of Industries and Production will place summary in next ECC. Speaking to meeting, Minister Khusro Bakhtyar said that the government had geared up to ensure smooth, adequate and timely supply of key soil nutrients to farmers in upcoming Kharif season and the decisions had been made accordingly.
He hoped that like last year, the domestic production of urea would be maintained to fulfill the requirements of urea. The Minister also directed all provincial agriculture departments to prepare district-wise supplies plan as per agronomic demands for next Kharif season.