India to import record DAP amid supply concerns
after close1 source ↓written by the desknot a recommendation
- of diammonium phosphate
- 1.35 million tonnes
- of India's annual
- 25%
- IPL will buy
- 7,65,000 tonnes
- per ton CFR
- $930
- will be purchased
- 581,500 tonnes
India plans to import 1.35 million tonnes of diammonium phosphate (DAP) in response to supply disruptions from the Iran conflict. This volume represents 25% of India's annual DAP imports, likely tightening global supplies and supporting prices, which are already elevated due to rising energy costs.
Key Points:
• Indian Potash Ltd (IPL) will buy 7,65,000 tonnes at $930 per ton CFR for the west coast.
• Another 581,500 tonnes will be purchased at $935 per ton CFR for the east coast.
These purchases may impact fertilizer pricing dynamics in the market.
Not investment advice. For informational purposes only.