Fertilizer off-take increases by 49.7% YoY in May

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