# Fertilizer spending stagnant – sales drop - Profit by Pakistan Today

> Pakistan's urea off-take for FY20 reached just over 6 million tons, up 1 percent year-on-year, with June 2020 setting a record high for the month at 1.16 million tons. Urea prices in June fell to about Rs1632 per 50 kg bag, near a two-year low after government intervention, while DAP off-take fell 10 percent to 1.9 million tons, the lowest since FY16.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: market · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/52420-fertilizer-spending-stagnant-sales-drop-profit-by-pakistan-today
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Lower urea prices and record June buying point to firm nitrogen demand in Pakistan, but weaker DAP volumes signal softer phosphate demand and a lower nutrient ratio, which is bearish for phosphate fertilizer prices in the region.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- profit.pakistantoday.com.pk: https://profit.pakistantoday.com.pk/2020/07/30/fertilizer-spending-stagnant-sales-drop

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.