India's DAP prices fell sharply this week, with NFL buying Russian products at $577-578 per ton cfr, below $590-614 per ton cfr. China's DAP price follows the market, with a lower quotation of 570 USD/ton FOB. 12000 tons of DAP may be shipped to Thailand and ultimately traded at an FOB price of $580

India's import price of DAP continues to declinePhosphate prices in both the eastern and western parts of the Suez Canal have declined, with only a few markets experiencing active demand.The CIF price of DAP in India fell to 590-614 dollars per ton from 614-615 dollars per ton last week. RCF purchas

The price of DAP in the east is under pressureThe cfr price of DAP fell to about 620 US dollars/ton this week, and the import price is approaching the level below 620 US dollars/ton now.NFL purchased 50000 tons of DAP shipped in March from a trading company at a price of about 625 dollars/ton of cfr

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 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