India likely to ink DAP, MoP import contract only in early 2013

摘要

India is likely to firm up imports of key fertilisers, di-ammonium phosphate (DAP) and muriate of potash (MoP) only in February-March next year due to sufficient stocks to meet requirement for the forthcoming rabi (winter sowing) sea-son. The country imports almost 100% of its domestic requirement of MoP and around 90% of DAP."India has sufficient stocks of DAP and MoP till about December-end. Any new contracts for these fertilisers are likely to be signed by February-March 2013," revealed Mr. P. S. Gahlaut, Managing Director of Indian Potash Ltd. (IPL). IPL is the country's biggest importer of fertilisers. The country has a huge inventory of DAP and MoP due to a decline in sales in the ongoing kharif (summer) season, he added.