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You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.Abu Dhabi's state-owned Adnoc set its January official sulphur selling price (OSP) for the Indian subcontinent at $174/t fob Ruwais, up by $9/t from its December OSP of $165/t fob.
Adnoc's January OSP implies a delivered price of $191-193/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India having last been assessed at $17-19/t on 19 December.
The announced OSP fob price has risen by $97/t in the space of a year, from $77/t fob Ruwais in January last year.
London, 2 January (Argus) — 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. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
London, 2 January (Argus) — The Indian government yesterday extended the special DAP subsidy of Rs3,500/t into the new year, while local sources say the maximum retail price (MRP) will remain unchanged. The special subsidy, which was approved in July 2024 and valid from April 2024 , was initially set to end on 31 December. It will now remain in place until further notice. This subsidy supplements the existing nutrient based subsidy (NBS) of Rs21,911/t for the 2024-25 rabi season (October-March). In mid-December local sources reported that the government would allow the MRP to rise by around Rs4,000/t to about Rs31,000/t from 1 January. But sources now state the MRP will remain at Rs27,000/t. DAP importers buying at $632/t cfr face losses of around $101/t with the current dollar-rupee exchange rate, MRP and NBS including the special subsidy. The government is set to keep compensating importers for these losses until the end of March. Provisional data indicates India was on track to end 2024 with 1.2mn t of DAP in stocks because of slowing imports, well below a comfortable 2mn t, as had been maintained in previous years. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Singapore, 2 January (Argus) — State-owned Pupuk Indonesia has issued a tender to buy 20,000t of bulk standard caprolactam-grade ammonium sulphate (amsul) for shipment to its subsidiary Petrokimia Gresik by the fourth week of January. Pupuk Indonesia has requested a single shipment of 20,000t to Gresik port. The deadline for submitting technical documents is 2 January, and the importer has asked for offers to be submitted at a fixed price. No results have been heard and the online e-auction for the tender is expected to begin shortly. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Singapore, 31 December (Argus) — State-owned fertilizer producer Pupuk Indonesia has distributed about 7.25mn t of subsidised fertilizers to registered domestic farmers as of 23 December, the company said. The distributed volumes have exceeded the government-mandated target by 0.5pc and include about 3.36mn t of urea, 3.49mn t of NPK fertilizers, 42,700t of specialised NPK formulas, and 46,500t of Pupuk's Petroganik organic fertilizers. Pupuk Indonesia's current fertilizer stock availability for the domestic market is around 1.47mn t as of 23 December, comprising of subsidised and non-subsidised products. Subsidised fertilizer stocks amount to 1.04mn t, consisting of 546,700t of urea, 445,500t of NPK, 16,300t of specialised NPK formulas, and 35,600t of organic fertilizers. Non-subsidised fertilizer stocks are at 428,600t, consisting of 357,400t of urea and 71,200t of NPK fertilizers. Around 400,000t of the current fertilizer stock has also been given to distributors and kiosks to ensure smooth delivery to farmers on 1 January 2025, the company said. The current allocation of subsidised fertilizers at the sub-district level has been finalised at 100pc across all regions, Jekvy Hendra, director of fertilizers and pesticides at Indonesia's ministry of agriculture, said. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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