# Urea sales likely to plunge by 15% YoY in Nov: JS Global

> JS Global Capital estimates Pakistani urea offtake in November 2018 at about 511,000 tonnes, down 15% year-on-year, after pre-buying in October ahead of price hikes. DAP offtake is forecast to fall 32% year-on-year to 265,000 tonnes due to higher prices from exchange rate moves.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: report · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/61858-urea-sales-likely-to-plunge-by-15-yoy-in-nov-js-global
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A forecast drop in Pakistani fertilizer demand signals softer regional buying, which is a minor bearish factor for urea and DAP prices.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-11-02 | [Engro Fertilizers urea sales plunge 43%](https://feedsoft.ai/events/5409-engro-fertilizers-urea-sales-plunge-43.md) | -2.0% | -1.9% |
| UREA | 2024-11-15 | [Urea, DAP sales rise 8% in Oct](https://feedsoft.ai/events/27740-urea-dap-sales-rise-8-in-oct.md) | -0.4% | +3.0% |
| UREA | 2020-06-25 | [US working natural gas volumes in underground storage rise by 120 Bcf: EIA \| S&P Global](https://feedsoft.ai/events/9805-us-working-natural-gas-volumes-in-underground-storage-rise-by-120-bcf-eia-s-and.md) | +3.4% | +7.3% |
| UREA | 2023-10-01 | [Global prices for fertilizers returned to 2021 levels in 2023 after surging in 2022 )](https://feedsoft.ai/events/34027-global-prices-for-fertilizers-returned-to-2021-levels-in-2023-after-surging-in.md) | 0.0% | -8.3% |
| UREA | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +2.2% | +10.3% |
| DAP | 2021-05-27 | [Urea sales jump 35pc in 4MCY21 - Business - DAWN.COM](https://feedsoft.ai/events/5695-urea-sales-jump-35pc-in-4mcy21-business-dawn-com.md) | +3.2% | +5.6% |
| DAP | 2019-11-26 | [Sale of DAP declines by 48% YoY in October 2019](https://feedsoft.ai/events/56376-sale-of-dap-declines-by-48-yoy-in-october-2019.md) | -0.1% | +1.3% |
| DAP | 2020-07-03 | [Global fertilizer prices expected to remain low over second half of 2020 - RealAgriculture](https://feedsoft.ai/events/52429-global-fertilizer-prices-expected-to-remain-low-over-second-half-of-2020.md) | +3.3% | +12.5% |

## Sources

- mettisglobal.news: https://mettisglobal.news/urea-sales-likely-to-plunge-by-15-yoy-in-nov-js-global

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