According to the latest data from the National Fertiliser Development Centre (NFDC), total fertiliser offtake in February 2026 reached 528,000 tons, marking a remarkable increase of 62% month-on-month (MoM) and 2% year-on-year (YoY). This surge has been largely attributed to strong performance in Diammonium Phosphate (DAP), which saw a significant 159% MoM and 154% YoY jump.

Product Performance Highlights

Urea offtake showed a modest recovery, up 15% MoM to 251,000 tons. However, this figure remains down 27.7% YoY, indicating that despite the uptick, overall demand is still subdued. DAP, on the other hand, rebounded robustly to 102,000 tons, signalling a significant pick-up in demand. Other products, including Calcium Ammonium Nitrate (CAN), NPK, and NP, also recorded substantial MoM increases of 90%, 274%, and 631%, respectively, suggesting a gradual normalization as previously accumulated inventory is depleted.

Company Performance Insights

Fauji Fertilizer Company reported a urea offtake of 142,000 tons in February, deviating from the industry trend with a decline of 19% MoM and 9% YoY. However, its DAP sales demonstrated resilience, climbing to 57,000 tons—up 179% MoM and 127% YoY.

In contrast, Engro Fertilisers Limited experienced a notable recovery in urea offtake, rising 178% MoM, although still down 30% YoY. Fatima Fertiliser Company also saw a dramatic 224% MoM increase in urea sales, but volumes remained low at 21,000 tons, reflecting a significant 69% YoY decline.

Although offtake levels remain below historical averages, the sequential recovery across players indicates a gradual improvement in demand as the fertiliser sector continues to manage excess inventory. As the market moves forward, these trends may suggest a revitalisation in fertiliser consumption, positioning agricultural producers for a more robust growing season ahead.