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Pakistan's urea sales fell 35% month-on-month to 405,000 tons in September 2019, according to NFDC data. The drop reflected seasonal Kharif-to-Rabi transition and a price increase after gas levy changes, while DAP offtake nearly doubled to 210,000 tons.
Lower Pakistani urea offtake reflects softer seasonal demand and higher domestic prices, a small regional factor for global nitrogen markets. The DAP rebound signals stronger phosphate buying ahead of Rabi sowing.
tribune.com.pk Our CorrespondentOct 29, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
