This week, India's procurement transactions increased, while activities in other markets were sluggish, and global prices continued to weaken. Indian importers bought DAP from Russia and China at a lower price, with the price of 653-659 US dollars/ton cfr, compared with 660 US dollars/ton last week.

The market activity was low this week, and the quotations in some regions continued in the early stage. The main trading area is Pakistan. Engro purchased 25000 tons of DAP from Ma'aden, and it is reported that 25000 tons of Saudi DAP were sold to Kenya at a transaction price of 640 US dollars/ton.

India has become the focus of the market againThis week, an Indian importer signed a phosphoric acid contract with Foskor, South Africa. The Indian government also announced the subsidy budget for the fiscal year 2023-24, and the funds for phosphate and potassium fertilizers will be reduced by 38%.

The demand in the east of Suez is weak, while the price in the American market is rising, and the suppliers will shift their focus to the west.GCT has completed the sale of 40000 tons of DAP, which will be shipped to the United States at the beginning of next month. The manufacturer has shipped the

The price of DAP in India and China fell this week, while the price of MAP in Brazil rose.The CIF price of India fell to 709-712 US dollars/ton. It is reported that the goods are sourced from China, Russia and Jordan. The trading from China reflects that the FOB price per ton is around 685-690 US do