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Farmers and dealers delayed urea purchases in April 2020 due to expectations of fertiliser subsidy announcement which later included Rs243 per bag relief in urea. AFP/File
KARACHI: The country’s urea offtake grew by 35 per cent to 1.707 million tonnes during the first four months of calendar 2021 from 1.266m tonnes in the same period last year.
However, the DAP sales remained pegged at 360,000 tonnes versus 361,000 tonnes in 4MCY21.
As per latest data of fertiliser offtake issued by National Fertiliser Development Company (NFDC), urea sales in April rose by 28pc to 309,000 tonnes from 242,000 tonnes in April 2020 mainly on account of improving farm economics, low-base effect and increase in urea production due to resumption of production by LNG-based plants.
KARACHI: Urea off-take during IQCY21 swelled by 37 per cent to 1.398 million tonnes from 1.024m tonnes in the same period last year.
Urea sales jumped by 13pc to 343,000 tonnes in March from 302,000 tonnes in March 2020.
Robust growth of 81pc was seen in DAP off-take to 144,000 tonnes during March from 79,000 tonnes in March 2020 while IQCY21 DAP sales showed a jump of 49pc to 314,000 tonnes versus 211,000 tonnes in the same period last year.
The country’s urea inventory situation during March was 50pc down to 298,000 tonnes as compared to 592,000 tonnes in March 2020, BMA Capital Research analyst Noor Huda Shaikh said while quoting fertiliser figures of the National Fertiliser Development Company (NFDC).