Pakistan Fertilizer_Mar'22 urea offtake rise 48%YoY,
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Pakistan Fertilizer: Mar'22 urea offtake rise 48%YoY
- As per NFDC, Mar’22 urea offtake for the industry clocked in at 509k MT, up 48.3%YoY but contracting 3.4%MoM on account of maintaining additional buffer for upcoming months in case of unforeseen circumstances.
- Company wise, FATIMA recorded sales of ~63k MT (+130%YoY/-4.3%MoM), followed by EFERT (~171k MT, +81%YoY/+0.5%MoM) and FFC (~168k MT, +16%YoY/-8.6%MoM) while sales of FFBL declined 15.2%YoY but increased by 12%MoM.
- DAP offtake in Mar’22 clocked in at ~80k MT, declining 45%YoY due to substitution effect by urea and NP combined. On MoM basis, offtake registered a growth of 44% in preparation of kharif sowing season.
- The current ending inventory now stands at ~276k MT while the requirement for current kharif season stands around ~750k MT. Hence, the additional requirement is ~480k MT among which ~220k MT can be met by local production while rest will have to be met through imports.
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Engro Fertilizers Limited is a Pakistan-based company, which is engaged in manufacturing, purchasing and marketing of fertilizers. The Company's brands include Engro Urea, Engro NP, Engro DAP, Zingro, Engro MOP, Engro SSP and Engro Zarkhez. Engro NP is the Company's fertilizer brand with Nitrogen and Phosphorous content in equal quantity. Engro DAP primarily contains Di-Ammonium Phosphate, and is imported by Engro EXIMP and marketed by the Company. Engro DAP is marketed in approximately 50 kilogram bags. Zingro is a micronutrient fertilizer, and is imported by Engro EXIMP and marketed by the Company. Engro Zarkhez has Nitrogen, Phosphorous and Potassium, and is primarily offered for sugar cane, fruit orchards, vegetables, potato and tobacco farming. Engro Envy is primarily offered to urban market for gardens, lawns, flower beds, fruit plants and ornamental plants. The Company is a subsidiary of Engro Corporation.
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