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No offers received in India RCF bidding Comefrom:Agro Chemical Time    AddDate:2024-07-03    Hit:494

Indian fertilizer importer RCF did not receive any offers for its purchase of 50,000 tonnes of 15-15 and 30,000 tonnes of 10-26-26 tender, which closed on June 29. The tender was issued on June 20 for shipment to India's east coast by July 25. Demands for high-phosphate NPKs, such as 10-26-26 and 12-32-16, are expected to pick up as Indian buyers look for alternatives to DAP, which currently trades at a premium of $99.50/t compared to 10-26-26. The grade was last assessed at CFR India$436-443/t duty-free/duty-paid on June 27. India's NP/NPK stocks rose slightly to 5.3 million tonnes in early June on higher imports and production.