This week, India announced to increase the fertilizer subsidies to boost sentiment in the global phosphate market. India has increased the subsidy with more than doubled for DAP and lowered its domestic selling price, alleviating the pressure on farmers, which will boost the import demand. At th

Increased market activity in the East and the WestThe activity of the global phosphate market has rebounded, there are new orders have been placed in east and west of Suez. Morocco OCP sold nearly 100,000 tons of MAP to Brazil at a CFR price of US$605-615/ton, and the transaction price of Russia MAP

The price of phosphoric acid in India is fixed, and the import of DAP is acceleratedThe current market focus is still India. After several months of downturn in the Indian market, India’s imports this week have reached 300,000 tons, with an import price of US$560-562/ton CFR. A new round of procu

This week, India and Pakistan signed agreements on the import of DAP, which shows that demand in South Asia is emerging. A Chinese company sold two ships of DAP to Pakistan at a high price of US$560/ton CFR.An Indian importer purchased 45,000 tons of DAP at a median price of US$560/ton CFR, which wa

Players are paying attention to Indian news. India will buy DAP/MAP in the next few weeks.The players are waiting for fiscal year subsidy for DAP in India, to calculate the importers' willingness. It is reported that UAE offer is US$540/ton CFR,however no transaction. Pakistani importers are waiting