KARACHI: Urea sales surged 43 per cent year-on-year, but fell 13pc month-on-month to 611,000 tonnes in September.

However, in 9M2026, urea sales inched up by a meagre 5pc to 4.4m tonnes.

The MoM decline is primarily attributable to seasonal factors. Meanwhile, the YoY increase is largely due to a low base effect, supported by improved crop activity, which has boosted urea demand, Myesha Sohail of Topline Securities said.

Industry urea inventory fell to a 9-month low, at 0.65m tonnes in September, down from 0.75m tonnes in August.

Company-wise, Engro Fertilisers holds the highest inventory at 519,000 tonnes, followed by Fauji Fertiliser Company (FFC) at 88,000 tonnes and Fatima Group at 29,000 tonnes.

She said total DAP sales plunged 39pc year-on-year and 50pc month-on-month to 59,000 in September, taking 9M2026 sales to 756,000 tonnes, down 5pc YoY.

DAP closing inventory was around 259,000 tonnes in September.

Going forward, she said urea sales were likely to grow modestly amid improved crop prices.

Published in Dawn, October 4th, 2026