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India’s RCF receives DAP offer, NFL issues DAP tenders

  • Market: Fertilizers
  • 12/06/25

Indian fertilizer importer RCF received one offer at $781/t cfr under its tender to buy 50,000t of DAP, which closed today, and fellow importer NFL will close tenders to buy DAP on 13 and 16 June.

Trading firm Indagro submitted the only offer in RCF's tender. RCF had sought offers for black, brown or white DAP for shipment from the load port by 10 July and delivery to the east coast of India from its memorandum of understanding (MOU) suppliers.

Indagro also submitted an offer at $779.90/t cfr in Indian importer Hurl's tender to buy DAP, which closed on Wednesday, alongside fellow trading firm Hexagon, which offered at $774.93/t cfr.

NFL seeks DAP in tenders

NFL is seeking offers for 25,000-50,000t of black, brown or neutral-coloured DAP in a tender closing on Friday.

It wants the cargo to ship from the load port by 30 June for delivery to India's west coast. Offers are to be valid until 18 June.

It has also issued a tender to buy 25,000-50,000t of DAP, closing on 16 June. It wants the cargo to ship from the load port by 31 July, also for delivery to India's west coast. Offers are to be valid until 20 June.

Both tenders are open to NFL's MOU suppliers. The cargoes in both tenders are to be priced for payment at sight.

By Tom Hampson

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London, 4 July (Argus) — The US will lay out its tariff demands on foreign trade partners in the coming days, President Donald Trump said today. From tomorrow, 5 July, Trump will send letters to 10-12 countries a day, with the aim that all countries will be "fully covered" by 9 July, Trump said. That rate will not cover the amount of tariff deals still to be done by the US, which to date has struck three deals — of 10pc with the UK and China and of 20pc with Vietnam. "[The tariffs will] range in value from maybe 60pc or 70pc tariffs to 10pc and 20pc tariffs," Trump said. Countries will start paying them on 1 August, he said. Since 5 April Washington has been charging a 10pc extra tariff on imports — energy commodities and critical minerals are exceptions — from nearly every foreign trade partner, and those rates could go higher after 9 July. Trump has justified those tariffs by citing an economic emergency caused by allegedly unfair trade practices in foreign countries, and his administration is engaged in talks with foreign governments with the nominal goal of lowering their trade barriers. By Haik Gugarats and Ben Winkley Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Laos halts approvals for potash mines in Vientiane

04/07/25
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04/07/25

Laos halts approvals for potash mines in Vientiane

Singapore, 4 July (Argus) — The Lao government has halted all surveys, exploration and implementation of potash projects in capital Vientiane, according to a notice issued on 1 July by the Standing Committee of the National Assembly of Laos. The government will also evaluate and inspect projects that have already been implemented. Currently, at least two China-invested projects — by producers Zangge and Yuntianhua — located in Vientiane are likely to be impacted. This notice comes after the people's government of Vientiane submitted a petition to the National Economic, Technology and Environmental Committee in September 2024 to conduct an investigation and evaluation on the impact of these potash mines, and follows a landslide that occurred in Tongmang village in Vientiane on 1 June 2025 and caused damage to residential properties. This decision is likely driven by concerns for environmental protection as well as safety of the residents in Vientiane. The decision will not impact any of the other potash projects, namely Lao Kaiyuan and Asia Potash, which are located around 400km away in Khammoune province. Zangge and Yuntianhua are still waiting on further guidance from the Lao government and have not provided any comment on the matter. Yuntianhua's 500,000 t/yr Ruiyuan Richfield project started commercial production at the end of 2024, while Zangge's 1mn t/yr project construction has been delayed from 2024 to 2025, without a clear start date. By Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Indian phosacid demand firm despite price hike

03/07/25
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03/07/25

Indian phosacid demand firm despite price hike

London, 3 July (Argus) — Indian demand for phosphoric acid imports is due to remain firm despite the recent hike in prices. This is because domestic DAP production using phosphoric acid as a raw material remains far more cost-effective than soaring DAP import prices while the country struggles to rebuild its DAP inventories. Jordanian producer JPMC and Senegalese producer Indorama have agreed a price of $1,258/t P2O5 cfr India with 30 days credit for third-quarter phosphoric acid deliveries with importers Coromandel and Iffco, respectively. The price is up by $105/t P2O5 from the second quarter but still keeps domestic production costs well below import costs. Without the additional government support for producers announced earlier this year , the rise would have pushed domestic producers' margins further into the red. With phosphoric acid at $1,258/t P2O5 cfr and ammonia at $350/t cfr, Indian DAP producers' costs are estimated in the range $715-720/t ex-works in bulk. This means they would face negative margins of around $75/t on the current maximum retail price (MRP) of 27,000 rupees/t, the nutrient-based subsidy (NBS) for DAP of Rs27,799/t for the April-September kharif season and the additional Rs3,500/t paid by the government to cover other costs — which brings the DAP subsidy to Rs31,299/t — and on current exchange rates. Attempting to reverse the erosion of national DAP inventories, the Indian government announced additional support for importers and producers at the beginning of May. The support includes making up for losses and ensuring a 4pc margin on the net MRP. This has allowed importers to pay higher to secure limited global tonnes, in turn allowing DAP import prices to soar by around $100/t since the additional support was announced. But heavy rainfall is spurring farmers' demand for phosphates and India's DAP stocks remain well below typical levels, estimated at around 1.56mn t at the end of June. DAP importers buying at $795/t cfr would make a loss of around $200/t without the additional support. The Rs27,000/t DAP MRP and Rs31,299/t subsidy payments would give a breakeven import price in the range $600-605/t cfr. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Kuwait's KPC cuts July sulphur price by $28/t

03/07/25
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03/07/25

Kuwait's KPC cuts July sulphur price by $28/t

London, 3 July (Argus) — Kuwait's state-owned sulphur producer, KPC, has set its July Kuwait Sulphur Price (KSP) at $259/t fob Kuwait, down by $28/t from the June KSP. The July KSP implies a delivered price to China of $281-288/t cfr at current freight rates that were assessed on 26 June at $22-25/t to south China and $26-29/t to Chinese river ports for a 30,000-35,000t shipment. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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India’s NFL issues tender to buy DAP

03/07/25
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03/07/25

India’s NFL issues tender to buy DAP

London, 3 July (Argus) — Indian fertilizer importer NFL has issued a tender to buy 25,000-50,000t of DAP, closing on 7 July. NFL is seeking at least 25,000t of black, brown or natural-coloured DAP for shipment from the loading port by 31 July and delivery to India's east coast. Offers must be valid up to 11 July. NFL closed a tender to buy 50,000t of DAP on 1 July. It received one offer and discussions are reportedly continuing in the low to mid-$800s/t cfr. Fellow importer Hurl decided to delay the closing date for its tender to buy 50,000t of DAP by a week to 7 July, after receiving no offers. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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