India’s IPL secures over 1.3 million t of DAP

Suppliers are to deliver 581 500 t of DAP to India's east coast and 765 000 t to the west coast. IPL has specified shipment from loading ports by 15 August in the tender.

The quantity secured is above the 1.2 million t that IPL had sought in the tender. The company received offers for 2.325 million t of DAP before asking all suppliers to match the lowest offers submitted at US$935/t cfr east coast and US$930/t cfr west coast India.

The suppliers for the east coast are as follows:

• Indagro: 40 000 t from the US.
• Ameropa: 15 000 t from South Korea.
• Samsung: 50 000 t, open origin.
• Sun International: 40 000 t from the US.
• Maaden: 60 000 t from Saudi Arabia.
• Hexagon: 50 000 t, open origin.
• Fertistream: 50 000 t from Russia.
• Agricommodities: 245 000 t, open origin.
• Aditya Birla: 31 500 t from Egypt.

The suppliers for the west coast are as follows:

• Indagro: 30 000 t from Egypt.
• Ameropa: 50 000 t from Morocco.
• Agrifields: 45 000 t from Jordan.
• VB Venture: 40 000 t from Saudi Arabia.
• Sun International: 40 000 t from the US.
• Maaden: 110 000 t from Saudi Arabia.
• Quest Group: 50 000 t from Russia.
• Agricommodities: 190 000 t from Saudi Arabia.
• Oasis: 150 000 t from Russia.
• Midgulf International: 60 000 t, open origin.

Agricommodities had initially accepted IPL's counterbid prices for up to 600 000 t of DAP from Saudi Arabia. But Argus Media has ascertained that IPL wanted Agricommodities to load all of its cargoes from Red Sea ports, rather than from Ras al-Khair in the Mideast Gulf.

Original article written by Tom Hampson for Argus Media.

Read the article online at: https://www.worldfertilizer.com/phosphates/13052026/indias-ipl-secures-over-13-million-t-of-dap/