AgribusinessThe cabinet committee on government purchase has cleared the fifth lot of bulk granular urea from SABIC Agri-Nutrients under a government-to-government contract, at $391.66 a tonne.
AgribusinessState contracts with Russia and Morocco and private-sector imports totalling close to a million tonnes of phosphate and potash fertiliser were recommended for approval on Wednesday.
AgribusinessFour of five state fertiliser factories and KAFCO are idle to save gas during the Iran war; the agriculture minister says stocks cover a year, but economists urge quick imports from China, Egypt or Russia as urea hits $625 a tonne.
