In our today’s morning report we will discuss fertilizer numbers released by NFDC for the period (Jan’15-Feb’15)
Fertilizer sales climb
Fertilizer off take recorded a hike of 5% YoY to 1,322k tons against 1,259k tons witnessed in 2MCY14. Urea sales increase by 9% to 1,085k tons in 2MCY15 against 998k tons in 2MCY14 mainly due to lower gas curtailment. Similarly, DAP segment hike by 11% to 136k tons in 2MCY15 from 122k tons in 2MCY14.
Urea sales up, DAP down in Feb
Urea sales up by 20% to 456k tons in Feb15 against 378k tons in Feb’14 due to higher demand & application by the farmers and lower curtailment. Whereas DAP sales down by 33% YoY at 64k tons versus 95k tons in February 2014 due to lower demand.
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