Pakistan Fertilizer: Offtake softens as Rabi sowing draws to a close - By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With the sowing for Rabi season coming to an end, fertilizer offtake has taken a hit. In Jan&rsquo;25, Urea sales recorded a decline of 27/55% YoY/MoM to 446KT. Company wise analysis reveals that FATIMA urea offtake improved 2.2x YoY in Jan&rsquo;25, whereas FFC/EFERT recorded a decline of 27/49% respectively. Industry DAP offtake dwindled 8/55% YoY/MoM in Jan&rsquo;25 to only 61KT. FFC/EFERT DAP offtake inclined/declined 31/66% YoY to 37/13KT, respectively.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fertilizer sales remained sluggish in Jan&rsquo;25: Pakistan domestic Urea offtake declined by 27/55% YoY/MoM in Jan&rsquo;25, reaching 446KT. DAP offtake dropped 8/55% YoY/MoM to 61KT. NP offtak...