Karachi: Fertilizer sales in Pakistan experienced a decline in August 2026, attributed to disruptions caused by the monsoon season and a higher comparative base from the same period last year. However, sales during the Kharif season showed an increase on an annual basis.

According to AKD Securities Limited, there was a notable reduction in nutrient offtakes across the board, with Urea, DAP, CAN, and NP witnessing year-on-year declines of 14%, 8%, 3%, and 49%, respectively, during the month. While EFERT recorded a surge in sales due to higher available inventories, FFC and FATIMA saw a decrease in urea sales in August.

The report maintains an optimistic outlook for the fertilizer sector, citing a stable earnings forecast and attractive dividend yields. FFC remains the preferred choice, with a projected target price of PkR801 per share by December 2026.