en.Wedoany.com Reported - India plans to import a record 1.35 million tons of diammonium phosphate (DAP) in a single tender to address fertilizer supply disruptions caused by the conflict with Iran and secure larger volumes. This procurement, equivalent to about a quarter of India's annual DAP imports, could tighten global supplies and push prices higher, which have already risen due to increased energy and freight costs.

Sources said Indian Potash Ltd (IPL) agreed to purchase 765,000 tons of DAP at $930 per ton on a cost and freight (CFR) basis for delivery to the west coast, and an additional 581,500 tons at $935 per ton CFR for delivery to the east coast. IPL launched a tender in April seeking 1.2 million tons of DAP and received offers totaling about 2.3 million tons, with prices ranging from $930 to $1,100 per ton. After several suppliers matched the lowest bid, the company ultimately agreed to buy 1.35 million tons.

According to the tender documents, the cargo must leave the loading port by August 15. Sources added that suppliers are expected to source DAP primarily from Saudi Arabia, Russia, Egypt, and Morocco. India, one of the world's largest fertilizer importers, last month agreed to purchase a record 2.5 million tons of urea in a single tender at nearly double the price from two months earlier.

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