30 March 2011 20:54 [Source: ICIS news]
LONDON (ICIS)--Phosphate Chemical Export Association (PhosChem) has agreed a deal to provide 1m tonnes of diammonium phosphate (DAP) fertilizer to two India-based buyers at $612/tonne (€435/tonne), the US phosphate exporter said on Wednesday.
The deal, on a cost and freight (CFR) basis, is for shipments between April and September, PhosChem said.
The news comes a day after Moroccan producer Office Cherifiens des Phosphates (OCP) concluded business at the same price.
The new price is an increase of $112/tonne from PhosChem's supply deal with customers in India last year. Deals with suppliers in Russia and Jordan have yet to be confirmed.
The PhosChem deal is part of a wider 2m-tonne/year DAP contract with India-based buyers that runs for three years over 2010-2012.
($1 = €0.71)
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