Pakistan’s fertilizer market showed mixed performance in September 2025, with urea sales rising on an annual basis while diammonium phosphate (DAP) demand slumped sharply, according to provisional industry figures.
Urea sales totaled 428,000 tons during the month, up 17% year-on-year (YoY), supported by a low base effect. Despite this growth, volumes were nearly halved compared to August, declining 48% due to the seasonal lull and disruptions caused by widespread flooding.
The Fauji Group maintained its dominance with sales of 236,000 tons, a modest 2% YoY increase. Engro Fertilizers Limited (EFERT) outperformed the market, recording an 85% YoY jump to 104,000 tons from 56,000 tons last year. Meanwhile, industry-wide urea inventories surged to 1.17 million tons — the highest in four months — raising concerns over potential pricing pressures in the near term. EFERT accounted for the largest share of stockpiles at 539,000 tons, followed by FFC with 292,000 tons and Fatima Fertilizer with 275,000 tons.
On the other hand, DAP sales witnessed a sharp 47% YoY decline to 71,000 tons from 134,000 tons in the same month last year. Within companies, FFC’s DAP sales fell 29% to 61,000 tons, while EFERT’s volumes collapsed 81% to only 3,000 tons.
For the third quarter of CY25, cumulative urea sales are projected at 1.85 million tons, up 48% from 1.2 million tons in the previous quarter, reflecting peak sowing season demand. Analysts, however, caution that affordability issues, crop economics, and farmer liquidity constraints continue to weigh heavily on DAP consumption.
