• Monday, July 22, 2019

Urea sales rise by 20% due to rumors of taxation on fertilizer industry

Discussion in 'Infrastructure & Development' started by Shahzaz ud din, Jun 26, 2019.

  1. Shahzaz ud din

    Shahzaz ud din SENIOR MEMBER

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    Urea sales rise by 20% due to rumors of taxation on fertilizer industry
    By
    admin
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    June 25, 2019
    [​IMG]
    June 25, 2019 (MLN): Urea sales witnessed a rise of 20 percent during the month of May 2019, as the total offtake during this period stood at 593 thousand tonnes as compared to the same period of last year.

    As per the data released by the National Fertilizer Development Centre, the increase in offtake is due to rumors of taxation on fertilizer industry.

    The biggest portion of overall offtake during the aforesaid period was sold in Punjab, where around 400 thousand tonnes were consumed. From the remaining amount, 149 thousand tonnes were sold in Sindh, 26 thousand tonnes in Khyber Pakhtunkhwa, 18 thousand tonnes in Balochistan whereas 0.1 thousand tonnes were sold in AJK.

    Total urea availability during May 2019 was about 864 thousand tonnes, which comprised 337 thousand tonnes of previous month leftover, and domestic production of 527 thousand tonnes.

    Thus closing balance is worked out to be 266 thousand tonnes.
     
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  2. Shahzaz ud din

    Shahzaz ud din SENIOR MEMBER

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    Fertilizer off-take increases by 49.7% YoY in May
    By
    admin
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    June 25, 2019
    [​IMG]
    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

    Posted on: 2019-06-25T17:25:00+05:00
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    Subsidy by Punjab govt improves DAP off-take by 240%
    By
    admin
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    June 25, 2019
    [​IMG]
    June 25, 2019 (MLN): DAP offtake for the month of May 2019 has increased by 240.8 percent to 213 thousand tonnes, mainly due to the subsidy provided by Government of Punjab.

    As per the data maintained by the National Fertilizer Development Centre, the largest portion of overall offtake during the said period was sold in Punjab, where around 136 thousand tonnes were consumed.

    From the remaining amount, 64 thousand tonnes were sold in Sindh, 7.3 thousand tonnes in Balochistan, whereas 6.5 thousand tonnes were sold in Khyber Pakhtunkhwa.

    Total availability of DAP during May 2019 was 717 thousand tonnes, comprising of 620 thousand tonnes inventory, 21 thousand tonnes imported supplies and 76 thousand tonnes of local production.

    Therefore, the closing balance works out to be about 503 thousand tonnes.

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    Posted on: 2019-06-25T17:57:00+05:00
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  3. Jango

    Jango MODERATOR

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    If their is already leftover from the previous month and a surplus for the next month....why isn't the surplus being exported? What are the roadblocks towards it? Anybody familiar with the process can chime in?
     
  4. Yaseen1

    Yaseen1 SENIOR MEMBER

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    I think people are storing it with intention to sale it later at high price to earn huge profits and it will be not good if such urea is bought by retailers with this intention instead of farmers