Tajikistan Exports Fertilizer to Afghanistan
Tajikistan has started exporting mineral fertilizers to Afghanistan. Recently, 626 tons of fertilizers, amount $169,000, were delivered from the Azot plant in the Khatlon region. According to information from the regional customs department, 13,700 tons of agricultural products were exported through the Khatlon checkpoint in early July.
ICL Signs Potash Agreement with China
As part of the 2022-2024 China Framework Agreement, ICL has signed a contract with Chinese customers to supply 840,000 tons of potash in 2024, with a contract price of $273 per ton.
Egypt's NCIC Issues Fertilizer Sales Tender
Egyptian fertilizer producer NCIC has issued a tender to sell 50,000 tons of fertilizers by the end of August, with the tender closing on July 26. The fertilizers include 30,000 tons of diammonium phosphate (DAP), 10,000 tons of triple superphosphate, 5,000 tons of calcium ammonium nitrate, and 5,000 tons of urea, sold on an FOB basis.
Buyers must pay 30% of the amount in advance, 40% two days before shipment, and the remaining 30% via cash against documents. If using a letter of credit, buyers can prepay 30% in cash and pay the remaining 70% via the letter of credit. The FOB price for Egyptian DAP has risen to $610-620 per ton.
Ma’aden Sells DAP to Pakistan at $615 per Ton
Saudi Arabian phosphate producer Ma’aden is selling 30,000 tons of diammonium phosphate (DAP) to Pakistani importers at a CFR price of $615 per ton, with shipment expected in August. Latest data shows that as of the end of June, Pakistan's DAP stock has decreased by more than 50,000 tons. Due to slow purchases from India, Pakistan last week procured 110,000-115,000 tons of DAP from China, Morocco, and Australia at a CFR price of $605-610 per ton.
Bangladesh Initiates Procurement Tenders to Address Energy and Fertilizer Crisis
Bangladesh is facing a severe energy crisis, directly impacting its fertilizer production capacity, leading to operational challenges and increased dependence on imports. The state-owned Bangladesh Chemical Industries Corporation (BCIC) under the Ministry of Industries reported that due to a natural gas shortage, four out of its five urea plants have shut down. Currently, only the Ghorashal Polash urea plant is operational, with an annual capacity of 924,000 tons, far below the national demand of 2.7 million tons.
To address these challenges, the government is actively seeking to increase fertilizer supplies through international tenders and intergovernmental transactions. Plans are in place to import 30,000 tons of phosphate in two batches by the end of the year. The government's strategic plan also includes constructing two new fertilizer plants in Bhola and Ashuganj, and a diammonium phosphate (DAP) plant in Saudi Arabia. These initiatives aim to stabilize fertilizer supplies and reduce dependence on imports soon.
Attention: The above information is for commercial reference only due to the diversity of information collected, and Kelewell is not responsible for the authenticity of the data.
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