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Urea supply > urea demand
Sep. 4, 2012
The availability would also include 0.8 million tons of inventory and 2.152 million tons of local production.
Issuing details about the situation during Kharif-2012, the Centre in its latest summary said about 0.726 million tons of DAP would also be available in the market. The demand estimates are around 0.552 million tons, leaving a closing balance of 0.173 million tons. Thus supply demand situation in respect of both urea and DAP will remain satisfactory during Kharif 2012.
Regarding fertilizer off take during June- 2012, it said total nutrients off take during the month was about 0.592 million tons which increased by 96.9 per cent over June last year.
Nitrogen and phosphate off take increased by 107.2 and 37.7 per cent respectively whereas potash off take decreased by 16.9 per cent.
The summary further revealed that Urea off take during June-2012 was 1.029 million tons, showing an increase of 109.1 per cent over June 2011. The increase in urea off take was mainly due to reduction in its company price by local fertilizer industry from Rs. 1,790 to 1,650 per 50 kg bag of urea. The DAP off take was 96,000 tons which increased by 40.6 per cent over corresponding month of 2011.
The summary said production of all fertilizer products during June 2012 was about 0.514 million tons. Dispatches of imported fertilizers from port were 0.195 million tons, comprising of 0.132 million tons of urea and 63,000 tons of DAP.
During June 2012, prices of all the fertilizers except TSP decreased. During June 2012 prices of Urea Sona and Urea tara decreased by 1.9 and 2.5 per cent over May 2012 respectively.
Prices of DAP decreased slightly (1.3 %) while prices of CAN, SSP (P) and SSP (G) decreased by 1.0, 4.4 and 3.1 per cent respectively. However, price of TSP increased by 2.6 per cent over May, 2012. The summary said the cumulative nutrients off take for first three months of Kharif 2012 (April to June 2012) was 1.02 million tons, witnessing an increase of 17.4 per cent over the same timeframe of last Kharif 2011.
It also revealed that Urea off take was 1.715 million tons (1.451 million tons last year), with an increase of 18.2 per cent.
The DAP off take was 0.182 million tons (0.153 million tons last year), showing upward trend of 19.2 per cent over Kharif 2011.
About fertilizer off take year on year basis (July 2011 – June 2012), the summary indicates that total nutrients off take during 2011-12 was 3.697 million tons, showing a decrease of 6.0 per cent over previous year 2010-11. Nitrogen off take was 3.055 million tons against 3.133 million tons during 2010-11 with decrease of 2.5 percent. Similarly, phosphate off take was 0.621 million tons against 0.768 million tons last year, showing a decrease of 19.1 per cent. Potash off take also decreased by 33.2 per cent compared to previous year. In product terms, urea off take decreased by 0.8 per cent from 5.765 million tons in 2010-11 to 5.722 million tons in 2011-12. Off take of DAP also decreased by 20.7 per cent from 1.325 million tons in 2010-11 to 1.051 million tons in 2011-12, it added.
Source: PakistanToday
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