Sales of local branded urea during May likely to stand around 325k-330k tonnes, up 118 percent compared to the preceding month of April. According to Topline Research figures, such a huge growth was primarily due to low base affect as local manufacturers sales in previous month was marred by availability of subsidized imported urea which was available at much cheaper rates than the local branded urea. However, despite better performance of local branded urea sales on a monthly basis, the sales of local urea are down 25 percent YoY in May (2012). Moreover, urea inventory at the end of May is expected to be around 0.95mn tons which includes 13-15% imported urea by NFML.
