Indian fertilizer importer RCF has opened two offers received in its tender closing today to buy up to 40,000t of NPS 20-20-0+13S, one each from trading firms Midgulf International and Hexagon.
Midgulf International submitted an offer at $463.50/t cfr with 60 days' credit. The product is understood to be of open origin and would incur a 5pc duty. The firm's offer is below the one it submitted for the same grade in a tender, now scrapped, from Indian importer NFL understood to be about $469/t cfr.
Hexagon offered a duty-free shipment of the grade at $485.19/t cfr.
Offers must be valid until 15 September.
RCF is looking to buy 40,000t of white, off-white, brown or dark brown colour 20-20-0+13S, as well as 40,000t of pink/natural colour NPK 15-15-15, but no offers were submitted for the requested NPK grade. Minimum shipments of 25,000t are acceptable.
The tender requested shipment by 30 September to India's east coast.
