Fertilizer: Mar’25: Fertilizer off-take down 9%MoM - By Taurus Research
Apr 16 2025
Taurus Securities
- Total fertilizer off-take down 9%MoM in Mar’25 to 470,612 tons, continuing the disruption in water supply, weak agronomics and lower farm income from cash crops which has put a significant pressure in the production of major nutrients. Further, lower demand for the Rabi Season amid seasonality effect (Slowdown of activities in Ramadan and Eid holidays) has also dropped sales in Mar’25. On a YoY basis, total fertilizer off-take fell significantly by 50%YoY in Mar’25 on the back of lower demand owing to seasonal slowdown post Rabi sowing.
- Total nutrient off-take down 50%YoY to 220K tons in Mar’25. Where, Nitrogen and Phosphate decreased by 52% and 42%, respectively. While, Potash off-take increased by 20%YoY in Mar’25.