Fertilisers Monthly Update - Sales Continue To Decline In May; To Revive June Onwards: Prabhudas Lilladher

A front end loader moves granules of monoammonium phosphate at a fertiliser plant. (Photographer: Andrey Rudakov/Bloomberg)

Fertilisers Monthly Update - Sales Continue To Decline In May; To Revive June Onwards: Prabhudas Lilladher

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Prabhudas Lilladher Report

Fertiliser sales declined 15% year-on-year in May driven by 10% decline in Urea sales to 2.3 million tonne.

DAP/NPK sales are down 29%/18% year-on-year to 0.6/ 0.75 million tonne.

Sale of imported fertilisers declined 27% driven by 56%/38% decline in NPK/DAP sales as imports became uncompetitive in the wake of rising RM prices.

CRIN/CHMB/GSFC reported 6%/-16%/-37% year-on-year change in total sales.

Mangalore Chemical/Deepak Fert sales grew by 13%/33% year-on-year.

Raw material prices continue to be on upward trajectory with Phosphoric Acid/Sulphur/Ammonia prices being up by 49%/178%/123% year-on-year in April.

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Prabhudas Lilladher Fertilisers Monthly Update.pdf

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