India: IFFCO in discussions over Q2 phosacid

摘要

India's IFFCO remains in discussions over its Q2 phosphoric acid contracts with Jordan and Senegal. An agreeement is expected to be reached by the end of March, with some suggestions that discussions are converging on a price of around $570/mt CFR 100% P2O5. This level would represent a $20/mt discount on OCP's Q2 contract with Indian buyers (recently agreed at $590/mt CFR).