In Januar­y 2019, total urea sales stood at 564,000 tonsKARACHI: Urea fertiliser sales dropped 21% on a month-on-month basis in January 2019, driven down by the seasonal effect as crop cultivation slowed down in the month compared to December 2018. On a year-on-year basis, fertiliser sales, however, rose 5% to 564,000 tons compared to January 2018. Company-wise, urea sales of Fauji Fertiliser Company (FFC), Fauji Fertiliser Bin Qasim Limited (FFBL) and Engro Fertilisers decreased 12%, 80% and 39% respectively. However, sales of Fatima Fertiliser rose 100% on a yearly basis mainly on the back of resumption of production by Dawood Hercules, according to Taurus Securities. On a monthly basis, the urea inventory came down 59% to 71,000 tons, which included 11,000 tons of imported urea with National Fertiliser Marketing Limited (NFML), said Taurus Securities.

Source: The Express Tribune February 26, 2019 03:45 UTC