Urea offtake witnesses a drop of 53.6% in January

MG News | February 24, 2020 at 10:56 AM GMT+05:00

0:00

February 24, 2020 (MLN): Urea offtake during January 2020 was 262 thousand tonnes, witnessing a decrease of 53.6 percent as compared to the smae month of last year.

Going by the data released by National Fertilizer Development Centre, urea offtake during the month decreased by 58, 55 and 25 percent in Punjab, Sindh, and KP respectively. Its offtake increased by 42 percent in Balochistan.

Total urea availability during January 2020 was about 660 thousand tonnes, including an opening balance of 204 thousand tonnes and domestic production of 456 thousand tonnes. Urea offtake during January 2020 was 262 thousand tonnes. The closing balance at the end of January 2020 was 390 thousand tonnes.

During Rabi 2019-20, the total availability of urea is estimated to be around 3,444 thousand tonnes. This includes 470 thousand tonnes of opening balance and 2,974 thousand tonnes of domestic production. The offtake during Rabi 2019-20 is expected to be 3006 thousand tonnes leaving behind 428 thousand tonnes of opening balance for coming Kharif 2020.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,375.00	118,295.00 116,115.00	1550.00 1.34%
BRENT CRUDE	67.80	68.16 67.34	-0.15 -0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.50	94.50 94.50	0.95 1.02%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.58	63.91 63.11	-0.12 -0.19%
SUGAR #11 WORLD	16.15	16.27 16.13	-0.12 -0.74%