Fertilisers production grows 8pc in first 5 months of FY 2019-20

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ISLAMABAD: Fertilisers production in the country increased by 8.18 per cent during the first five months of the current financial year as compared to the output of the corresponding period of last year, the Pakistan Bureau of Statistics (FBS)

During the period from July-November 2019-20, nitrogen fertilizers grew by 8.18pc as over 1.364 million tonnes of fertilisers produced as against the production of 1.261 million tonnes of the same period of last year, according the provisional Quantum Index Numbers of Large Scale Manufacturing Industries (LSMIs) released by PBS for the period from July-November, 2019-20, and November 2019.

On month-on-month basis, the production of nitrogen fertilisers were recorded at 256,902 metric tonnes as against the production of 263,628 tonnes of the corresponding month of last year.

Meanwhile, the production of phosphorous fertilisers swelled by 6.92pc and about 288,919 tonnes of above mentioned commodity produced during the period under review as against 270,224 tons of the same period of last year.

On month-on-month basis, the production of phosphorous fertilizers plunged by 5.36pc in November 2019 as compared to the same month of last year.

About 53,186 tonnes of phosphorus fertilisers produced against the production of 56,200 tonnes in the same period of last year.

It may be recalled here that overall output of LSMIs in the country during first five months (July-November) of current financial year (2019-20) decreased by 5.93pc as compared to the corresponding period of last year.

According the provisional QIN, the LSMIs production fell by 5.93pc in five months for the period from July-November 2019-20, and November 2019.

Meanwhile, on month-on-month basis, LSMI output decreased by 4.61pc during November 2019 as compared to the same month in 2018.

As compared to the previous month (October) 2019 the LSMI output decreased by 3.78pc.

The provisional quantum indices of LSMI for November 2019 with base year 2005-06 have been developed on the basis of latest data supplied by the source agencies, it added.

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