14/05/26
India’s IPL secures over 1.3mn t of DAP: Update 2
India’s IPL secures over 1.3mn t of DAP: Update 2
Updates the lists for deliveries to each coast published on 12 May. The total
quantity secured in the tender, the quantity per supplier, and the suppliers
themselves are unchanged. London, 14 May (Argus) — Indian fertilizer importer
and producer IPL has issued letters of intent to 14 suppliers, securing 1.3465mn
t of DAP at $930-935/t cfr in a tender that closed on 7 May. Suppliers are to
deliver 631,500t of DAP to India's east coast and 715,000t to the west coast.
The delivery schedule is not yet available, but IPL had specified shipment from
loading ports by 15 August in the tender. The quantity secured is above the
1.2mn t that IPL had sought in the tender. It received offers for 2.325mn t of
DAP before asking all suppliers to match the lowest offers submitted at $935/t
cfr east coast and $930/t cfr west coast India. The suppliers for the east coast
are as follows: Indagro: 30,000t from Egypt Aditya Birla: 31,500t from Egypt
Samsung: 50,000t, open origin Sun International: 40,000t from the US
Fertistream: 50,000t from Russia Maaden: 60,000t from Saudi Arabia Oasis Global:
60,000t from Russia Ameropa: 15,000t from South Korea Agricommodities: 245,000t
from the US/Saudi Arabia Hexagon: 50,000t, open origin The suppliers for the
west coast are as follows: Indagro: 40,000t from the US Quest Group: 50,000t
from Morocco Agrifields: 45,000t from Jordan VB Venture: 40,000t from Saudi
Arabia Sun International: 40,000t from the US Maaden: 110,000t from Saudi Arabia
Oasis Global: 90,000t from Russia Ameropa: 50,000t from the US/Tunisia Midgulf
International: 60,000t from the US Agricommodities: 190,000t from the US/Saudi
Arabia Agricommodities had initially accepted IPL's counterbid prices for up to
600,000t of DAP from Saudi Arabia . But Argus understands that IPL wanted
Agricommodities to load all of its cargoes from Red Sea ports, rather than from
Ras al-Khair in the Mideast Gulf. IPL had also sought 400,000t of TSP in the
tender. Argus understands that IPL has countered Moroccan producer OCP at $710/t
cfr for TSP. Talks with OCP for DAP and TSP are reportedly ongoing. By Tom
Hampson Send comments and request more information at feedback@argusmedia.com
Copyright © 2026. Argus Media group . All rights reserved.