PM Forms Committee to Address Rising DAP and Urea Prices

In a significant move, Prime Minister Shehbaz Sharif has taken serious notice of the rising prices of Diammonium Phosphate (DAP) and urea fertilizers in Pakistan. The government has formed a committee tasked with examining the causes of these price hikes and advising on potential solutions. This decision comes amid growing concerns from farmers and agricultural stakeholders about the impact of high fertilizer costs on crop production and food security.

What this means

• Farmers: May face increased production costs, affecting profitability.
• Turf & Greenkeepers: Higher fertilizer prices could lead to increased maintenance costs.
• Industry: Potential for market adjustments and policy changes to stabilize prices.

Outlook: The committee's findings could lead to policy interventions aimed at stabilizing fertilizer prices and ensuring accessibility for farmers.