Fertilizer offtake increases by nearly 145% YoY in January owing to low base effect

February 23, 2021 (MLN): The total nutrient offtake during the month of January 2021 was about 434 thousand tonnes compared to 177 thousand tonnes during January 2020, showing an increase of 145.1 per cent.

According to the monthly report issued by National Fertilizer Development Centre (NFDC), the nitrogen offtake was 367 thousand tonnes which increased by 148.8 per cent whereas phosphate offtake was 62 thousand tonnes showing increase of 117.8 per cent over January 2020. Potash offtake also increased with the same ratio.

In fertilizer product terms, urea offtake during January 2021 was 649 thousand tonnes, which witnessed an increase of 147.8 per cent (262 thousand tonnes offtake in January 2020) and DAP offtake was 82 thousand tonnes, which registered an increase of 87.9 per cent as compared to January 2020 (44 thousand tonnes).

This high increase in fertilizer offtake is attributed to a low offtake during same time frame of last year.

Cumulative fertilizer nutrient offtake during Rabi 2020-21 (October-January) was about 1954 thousand tonnes, which increased by 13.7 per cent compared with same time frame of last Rabi 2019-20. Offtake of nitrogen increased by 18.2 per cent, phosphate offtake increased by 1.0 per cent and potash offtake increased by 48.7 per cent as compared to Rabi 2019-20.

Copyright Mettis Link News

Posted on: 2021-02-23T20:33:00+05:00

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