Pakistan Fertilizer: Offtakes remained resilient in ongoing Rabi season despite weak agronomics - By AKD Research
- Pakistan Fertilizer:
- Nutrient sales during the ongoing Rabi season remained flat YoY where the impact of weak agronomics was offset by availability of loan schemes and discounts.
- Urea sales dropped by 2%YoY in first 5 months of the season, while, DAP sales increased by 5%YoY to 798k tons, supported by lower domestic DAP prices.
- FFC and FATIMA’s urea sales increased by 1%YoY, driven by higher production and improved product availability. In contrast, EFERT’s urea offtakes declined by 10%YoY due to comparatively higher pricing.
