FFC's Sale Of DAP Witnessed Sharp Increase In April

RAWALPINDI, (UrduPoint / Pakistan Point News - 12th Jun, 2022 ) :The Fauji Fertilizer Company Limited's (FFC) sales of Diammonium Phosphate (DAP), a key agricultural product, witnessed a significant increase of 106.3 percent to 95,000 tonnes in April 2022, against 46,000 tonnes recorded in the same month last year.

To note, the price of a 50 kg bag of DAP in the domestic market during April 2022 edged up by 0.

Seven percent to Rs 9,396 when compared to Rs 9,327 reported in March 2022, a monthly report of fertilizer offtake issued by the National Fertilizer Development Company (NDFC) showed.

The FFC has increased DAP prices by Rs700 per bag with effect from June 18,2022, it said, adding, "Due to steep PKR depreciation, and rising international & local freight costs, we expect another hike to the tune of Rs 300-400/bag in July-22."