16 June 2010 16:19 [Source: ICIS news]
LONDON (ICIS news)--A private consortium of Bangladeshi buyers has taken a 35,000-40,000 tonne cargo of Australian diammonium phosphate (DAP) fertilizer, trader sources confirmed on Wednesday, which is thought to have committed much of Australia’s DAP availability.
The deal was concluded by trader company Quantum for July shipment, reportedly at $467/tonne FOB (free on board).
Australian producers have already committed 300,000 tonnes of DAP to ?xml:namespace>
Bangladeshi private buyers were in the market for DAP, which was unlikely to be sourced from
China has sold well over 1m tonnes of DAP to India so far in 2010, leading to tight supply from that region and increased offers of off-specification product with lower nutrient content, sources advised.
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