KARACHI - Total fertilizer off-take in the country has dropped by 14 percent during January-August 2010 and stands at 4.9 million tonnes as compared to 5.7 million tonnes during the same period of the last year. Similarly, the DAP off-take stood at 425,000 tonnes in eight months of this year, showing 53 YoY percent decline in growth over the equivalent months of past year. Urea sales also continued to decline as its off-take registered a fall of 8 percent YoY to 3.9 million tonnes as compared to 4.2 million tonnes in 2009. The decline in the cumulative off-take of fertilizer, DAP and urea is attributed to lower demand of such soil amendments caused by the recent flooding in the country. Moreover, the fall is also aided by higher DAP prices during the period under review, which averaged at Rs 2,520 per bag compared to Rs 1,953 per bag during the same period last year. According to the latest fertilizer data released by the National Fertilizer Development Centre (NFDC) on Tuesday, the fertilizer supply for the month of August recorded at 417,000 tons by depicting 54 per cent YoY decrease. Encouragingly as expected, the month of August proved a stimulating period for the off-take of DAP which increased by 3 percent to 50,000 tonnes in this month. A company-wise break up shows Engros off-take declining by 13 percent YoY, while the same fell by 60 percent YoY for FFBL. FFC managed to sell 1k tons of DAP, which it imported during the earlier part of 2H2010. With regard to the major fertilizer manufacturers, FFCs and FFBLs urea off-take declined by 8 percent YoY and 15 per cent YoY, respectively in 8M2010, while Engros off-take remained flat during the same period. Analysts believe the DAP off-take is expected to gather pace as the Rabi season approaches, which traditionally has been a high off-take season for DAP.