Urea sales jump 45% in August

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KARACHI: Widespread rains throughout the country in the monsoon season led to a 45% jump in urea sales in August 2019 compared to the same month of previous year, according to the National Fertiliser Development Centre (NFDC).

NFDC reported sales of 625,000 tons of urea in August 2019 against sales of 431,000 tons in August 2018.

Overall, sales for the first eight months of 2019 came in at 3.97 million tons, up 8.8% from 3.66 million tons in the same period of previous year.

Among individual companies, Fauji Fertiliser Bin Qasim posted the highest growth of 32% year-on-year in urea sales in August as it sold 44,000 tons. It was followed by Fauji Fertiliser Company and Engro Fertilisers, which reported increase of 22% and 13% year-on-year to 233,000 tons and 186,000 tons respectively.