Egypt's NCIC issues fertilizer sales tender

Egyptian fertilizer producer NCIC has issued a tender to sell 50,000 tons of fertilizer by the end of August, closing on July 26. The products offered are as follows: 30,000 tons of diammonium phosphate, 10,000 tons of heavy calcium, 5,000 tons of calcium ammonium nitrate, and 5,000 tons of urea. The goods will be sold on a free-on-board basis. NCIC wants buyers to pay 30% of the price in advance, 40% two days before shipment, and 30% in cash against documents. If payment is by letter of credit, the buyer can pay 30% in cash in advance and the remaining 70% by letter of credit. The FOB price of Egyptian diammonium phosphate has risen to $610-620 per ton.

Egypt will increase fertilizer subsidy prices by 30%

The Egyptian government is considering the possibility of increasing subsidized fertilizer prices. A government official revealed that prices could rise by 30% to around EGP 6,250 per tonne, compared to the current price of EGP 4,800. In order to meet the needs of the local market, the government requires fertilizer producers to allocate 55% of their production to the Egyptian Ministry of Agriculture at subsidized prices. In return, producers are allowed to export the remaining quantities. Egypt's gas shortage in June caused fertilizer prices on the free market to soar by about 54% in July. During this period, prices soared to EGP 20,000 per tonne, compared to EGP 13,000 per tonne in May.

Tajikistan exports fertilizers to Afghanistan

Tajikistan has started exporting mineral fertilizers to Afghanistan. The company recently delivered 626 tons of fertilizers produced at the Azot plant in the Khatlon region, worth $169,000. According to information released by the regional customs department, 13,700 tons of agricultural products were exported through the Khatlon checkpoint in early July.

Canpotex fully committed to selling potash fertilizers by September 30

Canpotex is fully committed to potash sales through September 30, 2024, driven by continued strong demand for potash and broad participation in all major offshore markets. This demand and participation is supported by solid fundamentals for agricultural commodities and the clear value and affordability of potash in key growing regions. In addition, many of Canpotex's markets continue to focus on food safety and food quality.

Ma’aden sells diammonium phosphate to Pakistan at $615/ton

Saudi Arabian phosphate producer Ma’aden sold 30,000 tonnes of DAP to Pakistani importers at $615/tonne CFR for shipment in August. Pakistan’s DAP stocks fell by more than 50,000 tonnes by the end of June, according to the latest data from NFDC. But India’s slow buying allowed Pakistan to secure 110,000-115,000 tonnes of DAP from China, Morocco and Australia last week at $605-610/tonne CFR.