Indian fertilizer producer Fact has awarded its 28 May tender for 7,500t of ammonia at $314/t cfr, $9/t higher than the price at which it bought a similar cargo in April.
The tender was awarded to trading company Trammo. The shipment is requested for delivery to Kochi from 21-25 June.
Fact received two offers under the tender, with trading company CIFC offering higher at $319/t cfr.
Prices in India were last assessed by Argus at $285-314/t cfr.
