PhosChem Hikes DAP Price to Indian Customers

Phosphate Chemicals Export Association (PhosChem; Lincolnshire, IL) has reached an agreement on price for the supply of approximately 1 million m.t. of diammonium phosphate (DAP) to two large Indian customers for sales through March 2012. The transaction is part of a three-year supply agreement for 2 million m.t./year of DAP that was previously agreed to between the parties. The second half price will be $677/m.t., CFR India, reflecting an increase of $65/m.t. over the first half shipments, due to strong market conditions.   PhosChem is the largest exporter...

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