Bangladesh's ministry of agriculture received offers for 60,000t of DAP at $685.30-691/t cfr and 115,000t of TSP at $567.80-600/t cfr in its latest private-sector tender, which closed today.
The ministry received two offers for DAP:
- Bulk Trade International offered 30,000t at $685.30/t cfr
- Saifullah Gulf offered 30,000t at $691/t cfr
The ministry also received six offers for TSP:
- Bulk Trade International offered 25,000t at $567.80/t cfr
- Mounota Trade Index offered 20,000t at $573.50/t cfr
- Noapara Traders offered 30,000t at $573.50/t cfr
- Saifullah Gulf offered 26,000t at $574/t cfr
- Alif Trading offered 4,000t at $574/t cfr
- Noapara Trading offered 10,000t at $600/t cfr
Argus understands that much of the product offered in the tender will be shipped from Morocco. There were reports that one of the DAP cargoes offered will be shipped from China.
The lowest offers in this latest tender are up compared with those under the ministry's 18 November private-sector tender, which received offers for 120,000t of DAP at $678.40-717/t cfr and 113,000t of TSP at $561.90-585/t cfr.
The ministry likely awarded 40,000t of Moroccan DAP to Bulk Trade International at the offered level of $678.40/t cfr, with negotiations ongoing for further cargoes, under the 18 November tender.
