India’s NFL secures 60,000 metric tons of DAP at $920s/t as peak import season begins

Indian fertilizer importer National Fertilizers Limited (NFL) has likely purchased two 30,000 metric ton cargoes of DAP from trading firm Midgulf International at prices in the high $920s per metric ton CFR with credit, equivalent to the mid-$910s per metric ton on a sight basis, according to Argus Media.

The India NFL DAP tender closed on August 11 and attracted four offers from trading firms Ameropa, Oasis Global, Agrifields, and Midgulf. NFL requested shipment of the cargoes to India’s west coast by August 31. The sale could not be confirmed with Midgulf, and the origin of the DAP cargoes remains unknown.

Separately, fellow Indian importer FACT closed its own tender for 50,000 metric tons of DAP on August 18, a day after delaying the original deadline. FACT received four offers: Morocco’s OCP offered Moroccan-origin DAP, VB Venture offered U.S.-origin DAP, Oasis Global offered Russian-origin DAP, and Ameropa offered open-origin DAP. Delivery was requested to New Mangalore or Tuticorin ports.

The procurement activity signals that India is entering its peak import season ahead of the October–March rabi planting window. Indian importers face tight global phosphate availability as China’s export restrictions on DAP, MAP, and select NPK blends remain in place through August, covering an estimated 50–80% of Chinese export volumes.

Source: Argus Media