Fertiliser sales flat

Increase in urea prices by almost Rs100 per bag also stood as a contributing factor in this decline.


Express June 29, 2011

KARACHI:


Total fertiliser sales witnessed only a nominal improvement of one per cent to 643,000 tons in May on a monthly basis amid mixed trend witnessed in various fertiliser products.


Lower urea inventory levels with manufacturers and increase in urea prices by almost Rs100 per bag also stood as a contributing factor in this decline, according to analysts.

The decline is also due to lower availability of urea amid gas shortage and delay in imports, analyst added.

Mainstream fertilisers, urea and DAP declined by 3 per cent and 45 per cent in May, according to latest figures released by the National Fertiliser Development Centre (NFDC).

Increase in sales of Nitrophos (NP) by 81% and calcium ammonium nitrate (CAN) by 49% outshined the growth of rest of the sector. This was supported by better figures posted by Pak-Arab Fertiliser and Fatima Fertiliser. On the production front, urea production witnessed a sufficient incline of 23%, backed by incremental production from ENGRO’s new plant, while supplies from other Sui network based players also improved on MoM basis.

During the first five months of 2011, urea sales are down 11 per cent to 2.2 million tons while DAP sales are down by 13 per cent to 245,000 tons.

Published in The Express Tribune, June 29th, 2011.

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