IFFCO buys DAP at $1,270/tonne in latest tender

02 July 2008 15:56  [Source: ICIS news]

LONDON (ICIS news)--The Indian Farmers’ Fertilizer Cooperative (IFFCO) has awarded its diammonium phosphate (DAP) tender at $1,270/tonne - broadly in line with previous business, trader sources confirmed on Wednesday.

Under the tender, which closed on 27 June, IFFCO bought two or three 35,000-40,000 tonne cargoes of US DAP from trader company Keytrade at $1,270/tonne (€800/tonne) CFR (cost and freight).

It additionally bought two 30,000-35,000 tonnes from Kisan, its offshore trading arm at $1,270/tonne CFR.

A further three 25,000-30,000 tonnes of Russian DAP were purchased from Ameropa for July-September shipment.

Trader company ConAgra offered DAP at $1,320/tonne CFR and US-based Phosphate Chemicals Export Association (PhosChem) two panamaxes above $1,300/tonne CFR but no business ensued.

Offers from Trammo and Dreymoor could not be verified at press time.

($1 = €0.63)

To discuss issues facing the chemical industry go to ICIS connect

By: Mike Nash
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index