Pakistan Fertilizers: Urea sales hold ground; Phosphate drags – By AKD Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fertilizer offtakes declined in Jul&rsquo;25, mainly due to weak farm economics and higher phosphate prices.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Urea sales remained broadly flat YoY, while, DAP &amp; NP sales declined by 35%/51% YoY, respectively. However, CAN offtakes increased by 30%YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FFC and FATIMA&rsquo;s urea sales increased by 10%/4%YoY, respectively, driven by competitive pricing and improved product availability. In contrast, EFERT&rsquo;s urea offtakes declined by 16%YoY on high base.</span></li></ul>