Farmers overcharged for urea, dealers pocket Rs14b

[NiceFarmer]

Fertilizer dealers are likely to have pocketed Rs14 billion because of a wide difference between prices of imported commodity and local produce and to check this trend a proposal has been floated for increasing the sale price of imported urea to reduce the gap.

Sources told The Express Tribune that the finance ministry and the Planning Commission came up with a proposal for an increase in the price of imported urea to narrow the gap with local produce and avoid misuse of subsidy by the dealers. However, the Food Security and Research Division opposed the proposal, saying it would raise urea prices.

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Farmers overcharged for urea, dealers pocket Rs14b​