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Pakistan's urea offtake fell 10% month-on-month in May 2022 to 412,000 tons, down 18% year-over-year, attributed to seasonality. DAP offtake plunged 44% year-over-year to 97,000 tons amid a sharp surge in DAP prices.
Weaker fertilizer offtake in Pakistan during the off-season reflects reduced application demand and high prices, which can ease near-term import pressure on urea and phosphate supply.
propakistani.pkAhsan GardeziJun 2, 2022Not 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.
