Fertilizer: Urea Sales up 82%MoM, DAP Sales down 23%MoM – By Sherman Research

<p></p><ul><li><span style="font-size:medium;">According to provisional data, urea sales during Nov&rsquo;24 is expected to clock in at 652k tons (8-month high), up 82%MoM. Meanwhile DAP sales to decline by 23%MoM. The surge in urea sales is mainly due to higher demand owing to seasonal impact.</span></li></ul><ul><li><span style="font-size:medium;">Urea sales of Fauji Group to clock in at 283k tons versus sales of 179k tons during previous month, up by 58%MoM. Moreover, EFERT is likely to witness sharp increase in urea sales by 91%MoM (low base impact) to 191k tons as compared to 100k tons during previous month. Surprisingly, FATIMA group to post sharp growth of 2.1xMoM.</span></li></ul><ul><li><span style="font-size:medium;">Overall, closing urea inventory is estimated to be around 789k tons with EFERT FATIMA Group and Agritech ...