India to import record DAP amid supply concerns
pre-market1 source ↓written by the desknot a recommendation
- of diammonium phosphate
- 1.35 million tonnes
- of the country's
- 25%
- per ton
- 765,000 tonnes at $930
- per ton
- 581,500 tonnes at $935
India plans to import 1.35 million tonnes of diammonium phosphate (DAP) due to supply disruptions from the Iran conflict. This volume represents about 25% of the country's annual DAP imports, likely tightening global supplies and supporting rising prices. Indian Potash Ltd (IPL) will purchase 765,000 tonnes at $930 per ton for the west coast and 581,500 tonnes at $935 per ton for the east coast.
Not investment advice. For informational purposes only.