Urea up173%, DAP 269%


With Kharif season in full swing, total urea off-take of the country witnessed a massive jump of 173%MoM (109%YoY) to stand at 1.02mn tonnes during the month of June. “This huge off-take of urea is result of aggressive buying by the dealers in the wake of upward price reversion expected in coming months,” viewed InvestCap Analyst Hasan Raza. On cumulative basis, he said, urea off-take during 6MCY12 stood at 2.74mn tonnes compared to off-take of 2.67mn tonnes during same period last year, showing the appreciation of 3%YoY. In total urea off-takes , FFC s contributed 51% posting the sales volumes of 526 kilo tonnes compared to 204 kilo tonnes during last month, Engro off-takes contributed 22% in total off-take posting the volumes of 223 kilo tonnes compared to just 64 kilo tonnes, FATIMA urea off-takes contributed 12% in total off-takes posting the volumes of 128 kilo tonnes compared to just 1.4 kilo tonnes and FFBL urea off take contributed 6% in total.