Fertilizer: Urea Sales to Hit 10-Month Low - By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">According to provisional data, urea sales during Feb&rsquo;25 is expected to clock in at 353k tons, down 35%YoY. Similarly, DAP sales to decline by 64%YoY. The YoY decline is mainly due to weak farm economics amid lower support prices and higher input costs.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On MoM basis, urea sales is likely to decline by 21%MoM, mainly due to high base impact amid wheat season during the last few months.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Urea sales of Fauji Group to clock in at 156k tons versus sales of 207k tons during the same period last year, down 25%YoY. Similarly, EFERT is likely to witness sharp d...