Indian fertilizer importer Hindalco has bought 45,000t of Jordanian DAP at $719.50/t cfr from a trading firm.
The cargo will ship from Aqaba in early June, destined for India's west coast.
The price is almost $20/t higher than Saudi Arabian producer Ma'aden's sale of 50,000t of DAP each to Indian importers Indian Potash (IPL) and Coromandel (CIL), reported earlier this week. There are no days of credit included in the concluded price.
The trading firm probably bought the cargo at around $696/t fob for loading at the end of this month.
