16 July 2008 13:17 [Source: ICIS news]
LONDON (ICIS news)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) has received just one offer - at $1,281/tonne - under its phosphate fertilizer tender which closed on 15 July, trader sources confirmed on Wednesday.
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“GNFC’s current buying price ideas are lower, so they might well defer,” said one trader.
“We continue to talk with them so there is definitely firm interest for tonnage,” the trader added.
GNFC last tendered for DAP in April, but key personnel changes at the company were cited as one reason why no subsequent purchase was made.
However, trader sources intimated that a more likely cause for the lack of a deal was the high prices of DAP offered.
($1 = €0.63)
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