Urea Sales Up 21%YoY in Jun 2025
Staff Report
Islamabad: According to provisional data, urea sales during June’25 is expected to clock in at 582k tons (up 21%YoY). Despite weaker farm economics, the YoY increase in urea sales can be mainly attributed due to 1) Subdued sales over the past few months and 2) Pre buying of urea amid concern of imposition of FED in recent budget.
Similarly, on MoM basis, urea sales is likely to rebound sharply by 39%MoM mainly due to higher demand owing to seasonal impact (Kharif season).
Urea sales of Fauji Group to clock in at 269k tons versus sales of 259k tons during the same period last year (up 4%YoY). Similarly, EFERT is likely to witness sharp recovery in urea sales of 34%YoY to 208k tons, mainly led by low base impact.Pakistan Urea Sales to Drop 14% in August 2024″
Overall, urea inventory is estimated to be around 1.32mn, remaining flat on monthly basis. The higher inventory level build up is led by lower sales over the past few months as sales during 1HCY25 is expected to decline by 23%YoY. Company wise, EFERT is likely to hold highest inventory of 580K tons followed by FFC and FATIMA with inventory level of 338k and 330k tons, respectively.
On the flip side, DAP sales is expected to decline by 12%YoY to 108k tons versus 123k tons during the last year. FFC is expected to post DAP sales of 77k tons (down 11%YoY). DAP inventory to stood at 323k tons (up 36%MoM)
