Fertilizer importer Ethiopian Agricultural Businesses (EABC) has countered offers for lots 1, 2, 3, 5 and 6 at $639/t fob under its 23 December tender to buy DAP.
Suppliers have until 10:00am on 5 January to respond.
Reports that EABC awarded lot 4 — 60,000t with laycan 9-15 February — to trading firm Midgulf International at the offered price of $639/t fob Jordan have emerged. But Jordanian producer JPMC has so far not committed to supplying this cargo to Midgulf International.
EABC has not given counterbids for lots 7, 8 or 9, and has probably scrapped these lots.
Offers for DAP from Jordan, Egypt, Saudi Arabia and China totalled 780,000t and ranged $639-705/t fob. EABC had initially sought to buy 611,000t in the tender.
The importer stipulated laycans for its counterbids in a document seen by Argus as follows:
- Lot 1: 16-22 January
- Lot 2: 25-30 January
- Lot 3: 1-5 February
- Lot 5: 10-15 February
- Lot 6: 21-25 February
Each lot is for 60,000t.
Initially, the laycans for lots 5 and 6 had been 21-27 February and 5-11 March, respectively.
