Fertilizers: Weak farm economics continue to dent sales in Feb-2025 - By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fertilizer sales during Feb-2025 are likely to remain adversely impacted, with industry-wide Urea and DAP off-take expected to reach 341k tons (-37% YoY) and 41k tons (-64% YoY), respectively. The decline is driven by continued disruptions in water supply, weaker farm economics due to lower crop prices, and seasonality impacts.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company-wise, Fauji Fertilizer Company (FFC) is expected to record Urea sales of 155k tons in Feb-2025, down 25% YoY. Similarly, Engro Fertilizers (EFERT) is likely to report subdued Urea sales of around 87k tons, marking a 54% YoY decline. In contrast, Fatima Fertilizer (FATIMA) may witness a 15% YoY increase in Urea off-take, a...