LAHORE - Engro Fertilizers Limited has announced a reduction in Di-Ammonium Phosphate (DAP) prices by Rs310 per bag from Rs4, 060 to Rs3,750 per bag, following reduction in international prices, effective immediately.
International prices have reduced from approximately $700 to $610 per ton.
Mohammed Khalid Mir, VP Marketing, Engro Fertilizers Limited, said, “This reduction will be a relief to the farming community which has been faced with rising fertilizer and agri-inputs prices and would make fertilizer affordable for upcoming season of sugarcane, cotton and maize crops.”
About Engro Fertilizers Limited: Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation and a renowned name in Pakistan’s fertilizer industry.
Engro holds a vast, nationwide production and marketing infrastructure and produces leading fertilizer brands optimized for local cultivation needs and demand. Engro is also a leading importer and seller of Phosphate products, which are marketed extensively across Pakistan as phospatic fertilizers.