India: IFFCO also increases MRP for DAP

摘要

The DAP bid/offer spread in India narrowed this week as IFFCO joined Mosaic in increasing the maximum retail price, according to market sources. Most recent MoU purchases from Ma'aden for January shipment are still reported at $400/mt CFR with strong rumours that Jordan also sold a cargo of DAP to India for January shipment at roughly $405/mt CFR. As such the India DAP price is now assessed at an indicative $400-405/mt CFR, up from $395-400/mt CFR recently.