Urea Sales Down 48% in September 2025

Urea sales has declined by 48% on monthly basis mainly attributed to  off season effect and devastating floods during the month.

According to provisional data, urea sales during September 2025 is expected to clock in at 428k tons, up 17%YoY.

The increase can be mainly attributed to low base effect.  Urea sales of Fauji Group to clock in at 236k tons versus sales of 230k tons during the same period last year, up 2%YoY.IMF Bars to Give Subsidy on Import of Urea

Similarly, EFERT is likely to witness sharp increase in urea sales of 85%YoY to 104k tons as compared to 56k tons during the same period last year, mainly due to low base impact.

Overall, urea inventory is estimated to be around 1.17mn tons (4-month high) versus 1.03mn tons during the previous month. The increase can be mainly attributed to lower sales during the month.

 Company wise, EFERT is likely to hold highest inventory of 539K tons followed by FFC and FATIMA with inventory level of 292k and 275k tons respectively.

Meanwhile, DAP sales is expected to decline by 47%YoY to 71k tons versus 134k tons during the last year. Company wise, FFC is expected to posted sharp decline of 29%YoY to 61k tons. Similarly, EFERT is expected to witness sharp decline of 81%YoY to 3k tons.

Cumulatively during 3QCY25, urea sales is expected to reach 1.85mn tons versus 1.2mn tons during the previous quarter (up 48%QoQ). The increase is largely attributed to seasonal impact.

Company wise, FFC’s urea sales is likely to increase by 42%QoQ followed by EFERT (up 37%QoQ). Moreover, FATIMA is likely to witness highest increase of 81%QoQ. ▪ Similarly, DAP sales is also expected to increase by 3%QoQ to 314k tons in 3QCY25 versus 305k tons during the last quarter.

Cumulatively during 9MCY25, urea sales is expected to clock in at 4.2mn tons (down 8%YoY) versus 4.57mn tons during the same period last year.