Urea sales decline in July, meat exports surge

Pakistan’s urea sales for July totalled 608,000 tonnes, a slight dec­rease of 1pc compared to 612,000 tonnes in the same month last year. The decline was attributed to weak farm economics and the impact of the monsoon season. Month-on-month, urea sales saw a sharp drop of 19pc, mainly due to the conclusion of the Rabi season. For the seven-month period from January to July (7MCY25), total urea offtake amounted to 2.96 million tonnes, down 19pc from 3.65 million tonnes during the same period in 2024, reflecting the ongoing challenges in the agricultural sector. Deepak Kishore of Topline Securities noted that the closing inventory of urea was expected to be around 1.28m tonnes in July, a slight decrease from 1.32m tonnes in June.