Fauji takes second DAP fertilizer cargo at unchanged price

16 June 2010 15:07  [Source: ICIS news]

LONDON (ICIS news)--Pakistan fertilizer importer and producer Fauji has bought a 35,000 tonne cargo of Tunisian diammonium phosphate (DAP) at prices unchanged from its last purchase two weeks ago, sources at the company confirmed on Wednesday.

The buyer bought a cargo from trader company Multicommerce at $508/tonne (€411/tonne) CFR (cost and freight) for July arrival. It bought a cargo of Chinese DAP two weeks ago at the same price.

This brings total DAP imports to Pakistan to around 500,000 tonnes, which is estimated to be half of the country’s annual requirement.

Trader company Quantum had a second Tunisian DAP cargo for sale, but this had not been placed and may yet be shipped to India, sources at the company confirmed.

($1 = €0.81)

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