Ethiopia receives DAP offers up $120-165/tonne
10 January 2008 15:22 [Source: ICIS news]
LONDON (ICIS news)--The Ethiopian Ministry of Agriculture and Rural Development (MoARD) has received price offers up $120-165/tonne under its latest tender for 75,000 tonnes of diammonium phosphate (DAP) fertilizer, traders confirmed on Thursday.
Global DAP prices have risen dramatically since the beginning of 2008, based on high input costs and strong demand due to high crop prices.
MoARD last tendered for DAP on 4 December. It received offers at $690-760/tonne CFR (cost, insurance and freight) but decided not to buy due to high prices.
In the current MoARD tender which closed on 10 January, local importer company Errar offered the lowest price at $854.43/tonne CFR for 25,000 tonnes. The company was backed by international trader company Ameropa with Russian product.
The next most competitive offer came from Hetosa, which offered 25,000 tonnes at $864.43/tonne CFR, again backed by trader company Ameropa with Russian product.
Agricultural Input Supply Enterprise (AISE) offered 25,000 tonnes at $871.30/tonne CFR, supplied by trader company Yara with Lithuanian DAP. AISE offered a further 25,000 tonnes at $874.43/tonne CFR backed by Ameropa with Russian DAP.
An award was not expected for several days as the MoARD evaluated the higher prices.
By: Mike Nash
+44 20 8652 3214
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