Fertilizers sale falls 11pc in 5 months

KARACHI: Sale of fertilizers has witnessed 11 per cent decrease during January to May in the current fiscal year, Geo News reported on Wednesday.

According to the statistics of National Fertilizers Development Corporation, sale of urea fertilizers remained 2.2 million tonnes that is 11 percent less as compared to the previous year during the same period of time.

The statistics showed that the sale of fertilizers decreased 6 percent just in the month of May.

Analysts are of view that shortage of urea and delay in its import resulted decline in its sale. They further said that record 50 percent hike in the prices of urea is observed during Jan to the present.