Updates ETG's offer for lot 6 and details on Bio Green's offer for lot 6
Six trading firms submitted prices ranging from $600-639/t fob in response to Ethiopian Agricultural Businesses (EABC)'s counterbids under its 23 December tender to buy DAP.
ETG, Samsung, Montage Oil, Promising International, Bio Green and Aditya Birla offered nine DAP cargoes from Saudi Arabia, Jordan, Russia and Egypt. The cargoes will likely be 50,000-60,000t.
EABC has not awarded any of these latest offers yet.
Argus understands that Bio Green offered Kazakh DAP, but its offer has been cancelled.
EABC had initially received offers for 13 DAP cargoes from Saudi Arabia, Egypt, Jordan and China at prices ranging $639-705/t fob under the tender. It then countered, requesting revised offers at $639/t fob or below.
The importer awarded lot 4 — laycan 9-15 February — to trading firm Midgulf International at $639/t fob, quoted as Jordanian product. But supplier backing for this cargo has yet to be confirmed.
| Submissions to EABC 23 December DAP buy tender | |||||
| Lot number | Offering party | Origin | Loading port | Laycan | Price |
| 1 | ETG | Saudi Arabia | Ras Al-Khair | 16-22/1/2025 | $639/t fob |
| 2 | Samsung | Jordan | Aqaba | 25-30/1/2025 | $638.75/t fob |
| 2 | Montage Oil | Russia | Ust-Luga | 25-30/1/2025 | $630/t fob |
| 5 | Montage Oil | Russia | Ust-Luga | 10-15/2/2025 | $630/t fob |
| 5 | Promising International | Egypt | Adabiya | 10-15/2/2025 | $639/t fob |
| 6 | Promising International | Egypt | Adabiya | 21-25/2/2025 | $639/t fob |
| 6 | Bio Green | Kazakhstan | Jebel Ali | 21-25/2/2025 | $600/t fob |
| 6 | Aditya Birla | Jordan | Aqaba | 21-25/2/2025 | $639/t fob |
| TBC | ETG | Saudi Arabia | Ras Al-Khair | March | $639/t fob |
