Saudi Arabian fertilizer producer Ma'aden has sold a combined 110,000t of DAP to three Indian importers — including IPL — at around $635/t cfr.
The product will be shipped this month. The price nets back to the low-to-mid-$620s/t fob Ras Al-Khair.
Ma'aden's previous DAP sale to India was in mid-October, in which IPL bought 40,000t of the product at around $643/t cfr for October loading.
