DAP deals are expected to be around 122,000 tons, a 138% YoY boost up due to a minimum base influence in June, reported by Profit Pakistan News.
However, sales are expected to elevate by 21% month-on-month (MoM) due to the continuing Kharif crop sowing.
For the first half of 2024, urea sales are assumed to total 3.038 million tons, slightly down by 2% YoY in comparison to 3.101 million tons in the first half of 2023.
The ending inventory of urea in June 2024 is similar to around 474,000 tons, in comparison to 215,000 tons in June 2023 and 368,000 tons in May 2024, highlighting the maximum inventory standard in 37 months.
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Between these enterprises, Engro Fertilizers (EFERT) is assumed to enhance a 26% YoY minimize in sales to 155,000 tons in June 2024, mainly because of the closure of its Enven plant for arranged maintenance, which continued projects on June 18, 2024.
Fauji Fertilizer Company (FFC) is operated to preserve sales of 240,000 tons, down 13% YoY, highlighted by Fatima Group with 42,000 tons, down 44% YoY, and Fauji Fertilizer Bin Qasim (FFBL) with 18,000 tons, down 13% YoY.
Total DAP sales in June 2024 are expected to be around 122,000 tons, a 138% YoY boost up due to a minimum base effect. This takes on the total DAP sales for the first half of 2024 to 544,000 tons, up 5% YoY.
Company-wise, FFBL and EFERT are likely to save sales of 81,000 tons and 31,000 tons, respectively, followed by FFC’s sales of 6,000 tons in June 2024.
Published in Profit Pakistan News
