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Fertilizer: Jan’25: Fertilizer off-take down 52%MoM - By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Friday, 14 February 2025
  • Fertilizer
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  • Total fertilizer off-take down 52%MoM in Jan’25 to 642,990 tons mainly due to seasonality factor i.e. aggressive marketing by the fertilizer companies to off-load higher inventory at the year end along with massive disbursement of Kissan Cards in 4QCY24 (forming high base effect which normalized fertilizer off-take during Jan’25). On a YoY basis, total fertilizer off-take fell significantly by 23%YoY in Jan’25 on the back of lower demand owing to seasonal slowdown post Rabi sowing.
  • Total nutrient off-take up 23%YoY to 290K tons in Jan’25. Where, Nitrogen and Phosphate offtake decreased by 25% and 16%, respectively. Whereas, Pot...

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