Urea off-take anticipated to extend

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LAHORE : According to the provisional off-takes for the month of Jan 2019, the urea sale is more likely to pass up 5 p.c to 566,000 tons. During Jan 2019, the state owned National Fertilizer Marketing Limited (NFML) is predicted to record urea sales of 73,000 lots, its very best per 30 days gross sales since Feb 2015 as import of 100,000 lots urea makes its option to the marketplace. Amongst native manufacturers, Agritech Limited (AGL) might witness quickest sales enlargement in its urea gross sales to 26,000 lots, primarily as a result of low gross sales in similar period of remaining yr due to fuel provide issues.

On the other hand, market leaders Fauji Fertilizer Company (FFC) and Engro Fertilizers Limited (EFERT) are anticipated to record 12 % and 39 % drop in their urea off take to 197okay lots and 159okay tons, respectively. Total DAP offtakes during the month would possibly contract 14 % YoY and clock in at 79k tons, the place the drop is perhaps led by means of FFC that can file steep 77 p.c YoY drop in its DAP dispatches to only 6k lots. Similarly, Fauji Fertilizer Bin Qasim Limited (FFBL) DAP sales are projected to dip 55 percent YY to 14k tons.

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