Fact India extends phosphoric acid buy tender deadline

Indian fertilizer producer and importer Fact has pushed back the closing date of its 30 August tender to buy 12,000t of phosphoric acid after failing to receive any offers. The tender will now close tomorrow.

It stipulated arrival at Cochin port on India's southwest coast before 20 September. Offers are to be valid for a week after opening.

Fact received no offers in its previous tender to buy two phosphoric acid cargoes of 8,000-12,000t each which closed on 12 August.

Fact's 16 August tender for 20,000t of phosphate rock, which saw three regional trading firms offer, has also still not been awarded.

By Mike Nash