Fertilizer Offtake increases by 35.2 percent YoY during Aug, 17

National Fertilizer Development Centre today released Fertilizer off take data for the month of August.

Total Fertilizer Sales – August, 2017

• Total Fertilizer sales during the month of August, 2017 were 534 thousand tonnes compared to 395 thousand tonnes during August, 2016 (35.2 percent higher than August, 2016).

Nutrients

• Nitrogen Sales during August, 2017 were 479 Thousand tonnes compared to August 2016 Nitrogen off take of 320 Thousand Tonnes; a increase of 49.7 percent.
• Phosphate Sales during August, 2017 were 52 Thousand tonnes compared to August 2016 Nitrogen off take of 73 Thousand Tonnes; a decrease of 29.3 percent.
• Potash Sales during August, 2017 were 2.6 Thousand tonnes compared to August 2016 Nitrogen off take of 1.5; an increase of 77.8 percent.

UREA & DAP

• Urea Sales during August, 2017 were at 948 Thousand tonnes compared to August 2016 Nitrogen off take of 574; an increase of 65.3 percent.
• DAP Sales during August, 2017 were at 83 Thousand tonnes compared to August 2016 Nitrogen off take of 134; a decrease of 38.4 percent.

Source: National Fertilizer Development Centre

Total Fertilizer Sales – Kharif, 2017

• Total Fertilizer sales during Kharif (Apr-Aug) 2017 were at 2104 Thousand tonnes compared to 1682 thousand tonnes during Kharif (Apr-Aug) 2017 (up by 25.1 percent).

UREA & DAP

• Nitrogen Sales during Kharif (Apr-Aug) 2017 were at 1715 tonnes, an increase of 28.7 percent.
• Sales during Kharif (Apr-Aug) 2017 were at 374 thousand tonnes, an increase of 9.3 percent.

Total Fertilizer – Production and Imported Supplies August, 2017

• Fertilizer production during August, 2017 was at 734 thousand tonnes.

Product Wise Break-up

• Urea production was at 515 thousand tonnes; 70.2 percent of Total Production
• DAP production was at 74 thousand tonnes
• CAN production was at 61 thousand tonnes
• NP production was at 71 thousand tonnes
• SSP production was at 7 thousand tonnes
• NPK production was at 6 thousand tonnes

Imported Supplies

Total Supplies Imported during the month amounted to 144 Thousand tonnes.

• DAP imports were at 131 thousand tonnes
• MOP imports were at 3 thousand tonnes
• SAP imports were at 2.5 thousand tonnes
• AS imports were at 7.9 thousand tonnes

Fertilizer Prices – Domestic & International

Domestic Price Scenario

In August 2017 the prices of urea sona (Rs. 1321/- per bag) and urea (other) (Rs. 1301/- per bag) decreased by 0.2 and 0.3 per cent respectively as compared to the last month prices (Table 7). The prices of DAP also decreased by 0.04 per cent. The price of CAN increase by 1.1 per cent over July, 2017.

International Price Scenario:

Urea prices were quoted as US $ 220-225/t fob bulk China (Table 8). Arabian Gulf prilled bulk urea fluctuated around a level of US$ 200-215/t. The DAP prices during August 2017 were in the range of US $ 315-325/st fob bulk in US Gulf and US $ 335-345/t fob in China. MAP fob bulk prices were US $ 320-330/t and TSP US $ 280-285/t. Ex-Karachi price of urea was in range of Rs. 1422 to 1588 per 50 kg bag while that of DAP was in range of Rs. 2297 to 2569 per 50 kg bag during August 2017.