India’s Fact opens phosrock offers in tender

Spanish Market: Fertilizers
14/11/25

Indian fertilizer producer and importer Fact received offers for Moroccan and Togolese phosphate rock at firmer prices in its latest tender, which closed on 11 November.

The tender had sought offers for 44,000t of minimum 31.75pc P2O5 phosphate rock for shipment to Cochin on India's southwest coast on 15-30 December.

Indagro submitted the lowest offer for Moroccan phosphate rock at 18,121 rupees/t cfr ($204/t cfr), or Rs15,622/t fob ($176/t fob).

Sun International offered Togolese rock at Rs19,372/t cfr ($218/t cfr), or Rs16,693/t fob ($188/t fob).

But the Togolese phosphate rock offered by Sun International contains 36pc P2O5, while Argus understands that the Moroccan rock offered by Indagro contains 31.75pc P2O5 — matching Fact's minimum requirement. This means that Sun International's offer is equivalent to around $606/t P2O5 cfr, which is lower than the equivalent for Indagro's offer of around $643/t P2O5 cfr.

Indagro's offer for 31.75pc P2O5 rock at $204/t cfr is slightly above the midpoint of prices for 70BPL (32pc P2O5) rock delivered to Indian ports in the third quarter at $202/t cfr, as assessed by Argus.

Sun International's offer for 36pc P2O5 rock at $218/t cfr is also up from prices for Togolese 77-79BPL (35.2-36.2pc P2O5) product delivered in the third quarter at $209-212/t cfr west coast India.

By Tom Hampson

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