FFC hikes urea prices – Alfalah Securities Limited

Karachi, July 06, 2012 (PPI-OT): Fauji Fertilizer Company (FFC) has announced an increase in urea price by PkR 20 per bag to PkR 1,720 per bag on account of hike in gas cess.

According to Alfalah Securities Limited, FFC has also increased DAP prices by PkR100 per bag to PkR 3,745 per bag effective from July 10, 2012. The hike in urea prices would have marginal negative impact on the FFC as the volumes may drop while the increased cost impact arising due to imposition of gas cess while the increase in DAP prices would have a positive impact on the margins of the FFBL which is the sole producer of DAP in Pakistan.