Phoschem Announces Price Agreement for Existing DAP Contract with Indian Customers
Date(s): 1-Sep-2011 12:33 PM
LINCOLNSHIRE, IL, September 1, 2011 Phosphate Chemicals Export Association, Inc. (PhosChem) has priced an agreement to supply approximately one million tonnes of diammonium phosphate (DAP) to two large Indian customers for sales through March 2012. This transaction is part of a three-year supply agreement for two million tonnes per year that was previously agreed to between the parties. The second half price will be $677 per tonne, CFR India, reflecting an increase of $65 per tonne over the first half shipments, due to strong market conditions.
http://ir.mosaicco.com/phoenix.zhtml?c=70455&p=irol-newsArticle&ID=1602736&highlight=
India's reasons to enter the JV with MAK via NMDC continue to grow.
GL to all
Cheers
phoschem & indian price agreement for 1m t dap
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