Pakistan Fertilizer: Encouraging June offtake overshadowed by poor 1H performance - By Foundation Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fertilizer offtake is slowly picking up pace with urea dispatches up 21/39% YoY/MoM,
respectively, to 582KT in Jun’25. As for 1HCY25, fertilizer offtake remained unattractive
due to Govt’s decision to abolish support prices that has severely impacted farmer
income. During 1HCY25, Urea/DAP sales recorded a decline of 23/16% YoY to only
2,351/455KT. Company wise analysis reveals that FFC urea offtake inclined 4/30%
YoY/MoM to 269KT in Jun’25, whereas EFERT/FATIMA recorded a jump of 34/93% YoY
and 46/51% MoM to 208/81KT, respectively. AGL’s urea offtake dwindled/jumped
12/60% YoY/MoM to reach 24KT in Jun’25. During 1H, FFC/EFERT/AGL urea offtake
underwent a decline of 29/26/8% YoY, whereas FATIMA’s urea offtake ...
