AHL Research Ltd has reported that Pakistan’s fertilizer sector witnessed a sharp rebound in April 2026, with urea offtake surging 85% year‑on‑year to 463,000 tons. This marks the second‑highest April level on record, driven by dealer pre‑buying ahead of expected price hikes and a low base effect from last year’s weak farm economics.

Major producers posted strong growth, with FATIMA rising 141% YoY, FFC up 122%, and EFERT increasing 35%. FFC led the market with a 52% share, followed by EFERT at 24% and FATIMA at 22%. Cumulatively, urea sales in the first four months of CY26 rose 11% YoY to 1.5 million tons, with FFC contributing 841,000 tons and EFERT 388,000 tons.

In contrast, DAP offtake fell 13% YoY to 83,000 tons in April, as higher prices weighed on demand. FFC’s DAP sales rose 15% to 62,000 tons, while EFERT’s plunged 70% to 8,000 tons. FATIMA posted a sharp 211% increase to 3,000 tons, albeit from a low base. Rising international prices and geopolitical tensions widened DAP–phosphoric acid margins to USD 219/ton.

Price revisions continued across the sector. FFC raised Sona Urea to PKR 4,500/bag and Sona DAP to PKR 15,033/bag, while EFERT increased its urea to PKR 4,445/bag and DAP to PKR 15,022/bag. Overall, FFC maintained leadership in both segments, holding 51.7% of the urea and 74.5% of the DAP market share in April 2026.