Karachi, January 15, 2020: Urea sales during Dec’19 witnessed a phenomenal jump of 84 percent YoY to 1,307k tons, which is the highest monthly urea offtake historically. On 2019 yearly basis, urea offtake clocked-in at 6.19 million tons. Last year, the government operated two fertilizer plants on RLNG. Post this, there was no shortfall of…
Karachi, October 08, 2019: Pakistan urea sales for the month of Sep-2019 is expected to decline by 17 percent YoY to clock in at 401k tons. On monthly basis, industry urea sales is expected to decrease by 36 percent MoM owing to hike in urea prices by Rs 200 per bag in month of September…
Karachi, July 25, 2019: Urea offtake during 1H2019 depicted the growth of 5 percent YoY to 2.87 million tons on the back of pre-buying by dealers/farmers amid an expected hike in urea prices as the govt. was set to increase gas prices w.e.f. July 2019. Furthermore, timely rain fall across the country also pushed up…
Karachi, July 8, 2019: Provisional fertilizer offtake for the month of Jun’19 indicates that urea sales witnessed an increase of 8 percent YoY and 11 percent MoM to 659k tons. Cumulatively, urea sales surged by 6 percent YoY to 2.9 million tons during 1HCY19. According to Arif Habib Limited, In particular, FFC and FFBL’s cumulative…