Urea sale declines by 15pc


STAFF REPORT KHI: The sales of Urea in November 2014 fell 15 per cent year-on-year basis but improved 14 per cent month-on-month basis, according to the latest data of the National Fertilizer Development Centre (NFDC).

On a month-on-month basis, urea off-take increased to 467,000 tons.

On the other hand, diammonium phosphate (DAP) off-take registered a significant growth of 30 per cent on a monthly basis while its sales dropped 6 per cent year-on-year.

In the first 11 months of calendar year 2014, the urea demand fell 5 per cent to 4.976 million tons and DAP sales dipped 1 per cent to 1.434 million tons compared to the same period of last year.

Moreover, average urea and DAP prices increased 0.3 per cent and 2 per cent to Rs1,894 per 50kg bag and Rs3,709 per 50kg bag respectively from last months average prices.

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