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Fertilizer Sector

* * * - - 1 votes Fertilizer Sector Fertilizer

652 replies to this topic

#1
AbDuLmAtEeNkHaN

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    Di-ammonium phosphate price up by Rs.175 per 50 kg bag

    Price of di-ammonium phosphate fertilizer has been increased by Rs.175 per bag of 50 kg all over the country due to hoarding.

    Market sources told Geo News that to ensure the supply of DAP fertilizer to farmers by the government in the budget, a subsidy of Rs.470 per bag was provided.

    They said that the objective of the subsidy was to stabilize the price of DAP fertilizer at the level of Rs.900 per bag but due to hoarding its price has been increased by Rs.175 per bag and is now being sold at the price of Rs.1,225.

    They told that an increase of Rs.325 per bag in the price of DAP fertilizer has been recorded during the last seven months.

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    #2
    AbDuLmAtEeNkHaN

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    Fertiliser sector revenue falls by 13.4 percent in six months

    AHMED MALIK
    KARACHI (August 02 2007): The revenue of fertiliser sector fell by 13.4 percent to Rs 23.62 billion in the first half of the current calendar year 2007 as against Rs 27.27 billion earned in the corresponding period in 2006.

    The overall production and off take of the fertiliser sector declined by 4 percent and 10 percent to 293 million tons and 3.08 million tons respectively in the period under review, which reduced the revenue of the sector in this period.

    "The cost on the other hand declined by 13.6 percent to Rs 16.01 billion mainly because of 10 percent reduction in fuel gas charges of the sector at the start of the year," Hettish Karmani an analyst at Atlas Capital Markets said. Other income earned through share of profit from associates, dividend income and return on cash deposits was down 7.5 percent to Rs 2.31 billion whereas financial charges grew by 71 percent to Rs 1.31 billion, he added.

    All this resulted in a drop in the bottom line of the sector by 174 percent to Rs 4.52 billion as against Rs 5.47 billion during the corresponding period of last year.

    Engro Chemicals Limited: ECL earnings for the first half of 2007 rose by 17 percent to Rs 1.103 million (EPS: Rs 6.56) as against Rs 945 million (EPS; Rs 5.61) earned in the same period in 2006. Profitability remained buoyant on the back of rising DAP and urea prices along with healthy dividends from Engro Polymers & Chemicals Limited. The company also announced dividend of Rs 2 per share with the results.

    Fauji Fertiliser Company Limited: FFC's earnings were up by 9 percent to Rs 2.385 million (EPS: Rs 4.83) as against Rs 2.191 m (EPS: Rs 4.44) in the same period last year. Despite a 20 percent reduction in top-line, the company was able to achieve a growth in its bottom-line on the bock of an increase in other income. As expected the company announced a dividend of Rs 2.25 per share.

    Fauji Fertiliser Bin Qasim Limited: FFBL's net revenue declined by 33 percent to Rs 3.94 billion due to a decline in Urea and DAP off take by 39 percent and 6 percent to 155,000 tons and 143.7000 tons respectively. Higher phosphoric acid price coupled with a rise in repairs and maintenance cost resulted in a decline in grass profit.

    Other income apart from Government of Pakistan compensation of Rs 600 million rose by 25 percent to Rs 338 million, which supported the bottom line. FFBL announced PAT of Rs 533 million (EPS: Rs 0.57) for the first half of 2007, was down by 46 percent from Rs 992 million (EPS: Rs 1.06) earned in the same period in 2006. The company also declared an interim dividend of Rs 0.05 per share.

    Dawood Hercules Limited: DHL's earnings declined by 63 percent to Rs 500.4 million (EPS: Rs 6.04) in 1H/CY07 when compared to Rs 1.345 million (EPS: Rs 16.23) in 1H/CY06.

    The drop emanated from a 20 percent plunge in the top line of the company along with 92 percent fall in other income and 9 percent reduction in the share of profit from associates. The company announced a dividend of Rs 1.5 per share with the result.

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    #3
    AbDuLmAtEeNkHaN

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    Rs168 bln agriculture loans issued during the last FY

    ISLAMABAD (updated on: August 09, 2007, 21:38 PST): The Banks have issued agricultural loans worth Rs 168 billion during the last financial year, private TV channel reported.

    In the previous financial year the volume of agriculture loans was Rs 147 billion while the Banks received repayments of Rs 156 billion.

    Talking to private TV channel, the banking sources said after the great flooding season in Sindh and Balochistan, the receipts of loans by the banks have slowed down owing to heavy downpours and floods; while, banks have also halted the issuance of new loans in the flood affected districts.

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    #4
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    DAP prices hit new peak of Rs 1,800 per 50-kg bag

    RIZWAN BHATTI KARACHI (August 18 2007): Market movers have raised the prices of dai ammonium phosphate (DAP) by Rs 400 to new peak of Rs 1,800 per 50-kilogram bag in the wake of rising demand and short supply in the market, dealers told Business Recorder on Friday.

    The local market, already hit hard by the shortage of the DAP due to huge demand for the Kharif and Rabi crops, including rice and wheat, besides fruits and vegetables, they added.

    "After the current upsurge of Rs 400 per 50-kilogram bag during the last one week in retail market, the prices of DAP have reached all time high level of Rs 1,750-1,800 per bag in the interior Sindh, " they said. One week earlier, the DAP was available in the local retail market at an average price of Rs 1,350-1,400 per 50-kilogram bag, they added.

    Moreover, the importers had also raised the DAP price on the plea that the prices in the international market had also soared, fertiliser dealers said, and recalled: "They (importers) have raised the DAP prices by Rs 65-75 per 50-kilogram bag during the last three week".

    "Dealers were purchasing the DAP bag at Rs 1,125 in the first week of August, and now it is available at Rs 1,195-1,200 per 50-kilogram bag from importers, " they said. They further said that besides short supply of the commodity for the last two weeks, transportation expenses were the major factor behind the rising prices of the DAP in the local market.

    Dealers claimed that since the importers were not supplying DAP regularly, hence the increase in the prices in different parts of the country.

    A farmer claimed that some dealers had stopped the sale of the DAP, while others were demanding Rs 1,700-1,800 per bag in different parts of the interior Sindh, including Nawabshah, Dadu and Sanghar. He was critical of the government's indifference to the situation, and added if the situation remained unchecked, then it would affect the crops.

    "In July, the government, in view of enormous rise in the DAP prices in the world market, allowed the importers to increase a maximum of Rs 128 per 50-kilogram to Rs 1,125 per 50-kilogram bag," the importers said.

    They argued that the prices in the international market had reached 500-525 dollars per tonne, and hinted at further rise in the DAP prices in near future.

    The volumes of phosphatic and potassic fertiliser required for Kharif sowing is calculated at 670,000 tonnes of DAP and MAP, 40,000 tonnes of MOP and 20,000 tons of SOP. These quantities should be made available on a timely basis to suit the application time for rice, vegetables and other crops till September 2007.

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    95,000 tons imported DAP due in two days
    RIZWAN BHATTI

    KARACHI : A deal for import of 95,000 tons of di ammonium phosphate (DAP) is being actualised ahead of three cargo ships, arriving at Karachi port in the next two days. Importers told Business Recorder on Saturday that arrival of 95,000 tonnes of DAP will bridge the widening gap between demand and supply for Rabi season.

    Presently, the local market is witnessing tremendous shortage of DAP due to its rising demand for seasonal vegetable and fruits' crops, besides Rabi crop of rice and wheat. They said that one ship, carrying around 35,000 tonnes of DAP from Australia, would be berthed at Karachi Port on Monday.

    The second ship, carrying around 30,000 tonnes of DAP would reach Karachi in middle of the next week, they said. The remaining 30,000 tonnes of DAP was being imported form China by some private importers, they said, and added that the new imported DAP would reach the market in two or three weeks.

    They apprehended that despite the huge import of DAP, its prices would not be reduced in the domestic market, as these consignments were being imported at higher rates. "We have imported these DAP consignments at 525-530 dollars per tonne, as the DAP prices in the international market are rapidly increasing," a leading importer said.

    The international prices of DAP had increased by 25 dollars per in 2 days tonne in the international market, hence we are compelled to import the commodity at an average price of 500 dollars per tonne, he added. He said the huge quantity of DAP import would help to minimise the gap between supply and demand in the local market, and feared that its prices might further rise in the near future.

    He said since the local production was not sufficient to meet the local demand, the local market was, therefore, compelled to import the DAP. On the local side, he said keeping in view the rising demand for DAP, which pushed its prices by Rs 400 per 50-kilogram bag to Rs 1,800 per bag from Rs 1,700, the importers were placing new orders to meet the local demand, he said.

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    #6
    A.Q

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    Urea, DAP offtake on the rise

    Tuesday, August 28, 2007
    By our correspondent

    KARACHI: The urea and Di-ammonium Phosphate (DAP) offtake recorded a substantial increase of 54.3 percent and 34.9 percent in July 2007 as compared to the same month of year 2006.

    The speculative buying by dealers in view of anticipated price hike and growing usage of urea in cotton and sugarcane crops besides increasing application of DAP to rice and maize crops played major role in overall fertilisers’ offtake.

    According to provisional figures of National Fertilisers Development Centre (NFDC) in July 2007 total urea offtake was recorded 0.668 million tonnes which was 0.362 million tonnes in the same month of year 2006.

    Similarly, during aforesaid period, DAP supply was recorded around 0.144 million tonnes which was around 54000 million tonnes in July 2006. FDC figures showed that urea availability during July 2007 was about 0.966 million tonnes, which was comprised of 0.544 million tonnes of previous month leftover stock and 0.422 million tonnes of fresh domestic production.

    In addition, the DAP availability during Kharif 2007 was estimated about 0.886 tonnes. While NFDC reported that the situation was appearing comfortable throughout Kharif season and a handsome carryover stocks of urea and DAP might be available at the end of Kharif 2007.

    In July 2007 DAP sale increased surged by 59.5 and 76.6 per cent respectively in Punjab and Sindh, while in NWFP and Baluchistan it went down by 31 and 63.6 per cent correspondingly.

    Total nutrient sale during July 2007 was about 0.425 million tonnes, which is 41.1 per cent higher as compared to July 2006.

    The break up showed that Nitrogen supply increased by 47.5 per cent, phosphate 16 per cent and Potash offtake up by 177.1 per cent.

    Cumulative offtake during Kharif 2007 (April-July) was about 1.271 million nutrient tonnes, which represented an increased of 14.2 per cent over the same timeframe of last year. Of this, nitrogen was 10.01 million tonnes or 11.4 per cent up, phosphate 0.26 million tonnes or 25 per cent up) and potash about 0.945 million tonnes or 47.3 per cent up.

    Total urea and DAP offtake during Kharif 2007 (April-July) was 1.834million tonnes showing an increase of 9 per cent and 0.427 tonnes indicating 32.1 per cent increase over Kharif 2006 respectively.

    During the month under review 0.554 million tonnes of fertiliser was produced locally. Urea fertiliser has the maximum share 76.3 per cent which is 0.422 million tonnes.

    Other products were 44,000 tonnes DAP, 34,000 tonnes NP, 28,000 tonnes CAN, 15,000 tonnes. Imported Supplies during July 2007 were 142,000 tonnes. Out of this DAP accounted for 140,000 tonnes, SOP 1,000 tonnes and MOP 11,000 tonnes However, during July 2007 fertilisers’ prices including urea, DAP, TSP, MAP and SOP in the international market remained stable.
    Adnan Qadir


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