Fertilizer off-take increases by 49.7% YoY in May

MG News | June 25, 2019 at 05:25 PM GMT+05:00

0:00

June 25, 2019 (MLN): Total fertilizer offtake during the month of May, 2019 stood at 458 thousand tonnes, demonstrating an increase of 49.7 percent as compared to the corresponding period of last year

As per the data provided by National Fertilizer Development Centre (NFDC), Nitrogen offtake was 340 thousand tonnes which increased by 28.8 per cent, while offtake of phosphate was 116 thousand tonnes which also increased by 192.8 per cent over May 2018.

Moreover, Potash offtake witnessed a decrease by 18.3 percent.

Total nutrient offtake during Kharif 2019 (April-May) was about 695 thousand tonnes, which witnessed, an increase of 22.7 per cent over same timeframe of Kharif 2018. Out of this, nitrogen offtake was 519 thousand tonnes (+8.8 percent), phosphate 171 thousand tonnes (100.9 percent) and potash about 5.2 thousand tonnes (+16.6 percent).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,315.00	71,610.00 67,460.00	1095.00 1.56%
BRENT CRUDE	101.26	114.43 96.00	-10.93 -9.74%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	123.30 123.30	1.70 1.40%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	89.39	101.67 84.37	-8.84 -9.00%
SUGAR #11 WORLD	15.62	15.75 15.38	-0.08 -0.51%