Egypt’s NCIC issues May/June fertilizer tender with DAP at $915–917/t FOB

Egypt’s NCIC has issued a tender to sell multiple fertilizers for May/June loading, closing May 21. The offer includes 20,000 tonnes of DAP, 25,000 tonnes of single superphosphate (SSP), 15,000 tonnes of granular urea, 5,000 tonnes of CAN26, and 600 tonnes of water-soluble SOP.

The price signal drawing the most attention is the DAP reference. In its previous tender that closed May 4, NCIC reported selling 30,000–35,000 tonnes of DAP at up to $915–917/t fob Adabiya/Damietta — roughly 9% above the $840/t fob seen in April tenders and close to 60% above pre-conflict levels. Granular urea last cleared at $865/t fob Adabiya. CAN26 last sold at $412/t fob. The 600 tonnes of SOP will be sold bagged, ex-works from the Fayoum plant, at up to $721/t — up from $705/t in the previous round.

NCIC’s export program serves as a key price reference for European and North African buyers relying on Mediterranean phosphate and nitrogen supply amid ongoing disruption to Gulf shipping routes since the effective closure of the Strait of Hormuz in late February.

No DAP imports are expected to arrive in Egypt this month. However, buyers have lined up 60,000 tonnes for June delivery, including 20,000 tonnes of Moroccan origin and 40,000 tonnes of Saudi material, according to Argus Media data. Egyptian DAP stocks have fallen for three consecutive months as importers struggle to source tonnage amid Hormuz-driven supply tightening, adding urgency to June inflows ahead of the summer application season.

Source: Argus Media