KARACHI: National Fertilizer Development Centre (NFDC) has reported that urea sales in October have declined by 14 per cent year-on-year and 2 per cent month-on-month, clocking in at 411,000 tons.
Meanwhile, DAP (Diammonium phosphate) sale up by 234 per cent on a monthly basis while 1 per cent on a yearly basis.
According to NFDC, on a cumulative basis, for the first 10 months of calendar year 2014, urea off-take declined by 3% to 4,509,000 tons while DAP off-take increased by 1% to 1,054,000 tons compared to the same period last year.
Moreover, the average urea and DAP price has declined by 0.6% and 4.4% to Rs1,888 per 50 kilogramme (Kg) and Rs3,417 per 50 kg, respectively from last month’s average prices.
As far as the availability of fertiliser is concerned, the total availability of urea during Rabi season was estimated to be 2.7 million tons including 2.38 million tons of domestic production and 185,000 tons of imported urea.
Similarly, 1,062,000 tons of DAP was expected to be available for Rabi season, comprising 340,000 of local production and 270,000 tons from imported supply. During the Rabi season, both fertilisers will be available, according to the expected demand.
