Fertilizer offtake decreases by 6.7 percent in September

October 28, 2019 (MLN): The total fertilizer offtake during the month of September, 2019 was about 348 thousand tonnes, which represented a decrease of 6.7 percent over September, 2018. The Nitrogen offtake decreased by 11.8 percent, whereas phosphate offtake increased by 10.1 percent. Potash offtake decreased by 31.9 percent.

The cumulative nutrient offtake during Kharif 2019 (April-September) was about 2256 thousand nutrient tonnes, which represented an increase of 5.7 percent over the same timeframe of the last year. Of this, nitrogen offtake was 1703 thousand tonnes showing an increase of 4.3 percent over Kharif 2018. Phosphate offtake was about 532 thousand tonnes showing an increase of 11.8 percent while potash offtake was 21.3 thousand tonnes showing a decrease of 18.7 percent over Kharif 2018

Total production of all products was about 726 thousand tonnes comprising 550 thousand tonnes of urea (75.7 percent of the total production), 73 thousand tonnes of DAP, 45 thousand tonnes of NP, 39 thousand tonnes of CAN, 6.4 thousand tonnes of SSP and 13 thousand tonnes of blends of various grades of NPKs.

About 132 thousand tonnes of fertilizers were supplied in the market through imports including 98 thousand tonnes of DAP, 4 thousand tonnes of SOP, 2 thousand tonnes of MOP, 9 thousand tonnes of MAP and 19 thousand tonne of AS.

During September 2019, the prices of all the fertilizer products increased except NPKs. The price of urea (sona) and urea (other) increased by 4.4 and 5.4 percent over August 2019.

Moreover, prices of DAP and NP increased by 1.6 and 0.5 percent respectively. The prices of CAN and SOP also increased by 2.0 and 0.6 percent while price of NPK decreased by 2.8 percent.

Copyright Mettis Link News

Posted on: 2019-10-28T17:46:00+05:00

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