# Urea firms profit up 67pc

> Pakistani urea manufacturers' profitability rose 67% year on year to Rs8.3 billion in the second quarter of 2018. Higher urea and DAP prices and tight supply lifted gross margins to 29%, while urea sales volumes fell 19%.

- Date: 2018-09-08 · published 2018-09-08T12:00:00.000Z
- Category: report · region Pakistan · magnitude low
- Page: https://feedsoft.ai/events/63347-urea-firms-profit-up-67pc
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Tight supply and firm pricing among Pakistani producers reflect a regional nitrogen market that is supportive of prices, though the report is a company earnings update rather than a new supply shock.

## Read by commodity

- DAP: neutral
- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-07-27 | [Urea offtake surges 81pc YoY in June - Profit by Pakistan Today](https://feedsoft.ai/events/5061-urea-offtake-surges-81pc-yoy-in-june-profit-by-pakistan-today.md) | +9.3% | +17.3% |
| UREA | 2020-07-16 | [Season, low prices fire up urea applications, despite COVID supply risk - Grain Central](https://feedsoft.ai/events/52424-season-low-prices-fire-up-urea-applications-despite-covid-supply-risk-grain.md) | +0.5% | +21.0% |
| UREA | 2020-07-27 | [Urea sales surge 81% in June](https://feedsoft.ai/events/5060-urea-sales-surge-81-in-june.md) | +9.3% | +17.3% |
| UREA | 2023-05-21 | [Fertilizer Prices Mixed- Urea Climbs, Anhydrous Lower \| Farm Policy News \| Illinois](https://feedsoft.ai/events/5366-fertilizer-prices-mixed-urea-climbs-anhydrous-lower-farm-policy-news-illinois.md) | -14.9% | -20.2% |
| UREA | 2023-01-06 | [2023 fertilizer outlook provided – Wyoming Livestock Roundup](https://feedsoft.ai/events/10451-2023-fertilizer-outlook-provided-wyoming-livestock-roundup.md) | -3.6% | -17.8% |
| DAP | 2020-06-30 | [Fitch Affirms PhosAgro at 'BBB-'; Stable Outlook](https://feedsoft.ai/events/52937-fitch-affirms-phosagro-at-bbb-stable-outlook.md) | +6.3% | +8.7% |
| DAP | 2020-07-16 | [Season, low prices fire up urea applications, despite COVID supply risk - Grain Central](https://feedsoft.ai/events/52424-season-low-prices-fire-up-urea-applications-despite-covid-supply-risk-grain.md) | +0.5% | +8.9% |
| DAP | 2020-07-27 | [Urea sales surge 81% in June](https://feedsoft.ai/events/5060-urea-sales-surge-81-in-june.md) | +6.1% | +11.7% |

## Sources

- nation.com.pk: https://www.nation.com.pk/09-Sep-2018/urea-firms-profit-up-67pc

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