Mosaic has sold 40 000 t of DAP to South Asia

Mosaic has estimated a netback from the delivered price of approximately US$840/t fob Tampa.

Mosaic did not clarify the exact destination, but India is the most likely within South Asia. If so, the delivered price is likely to be in the high US$900s/t cfr or low US$910s/t cfr. But no sale to Indian importers at this level has emerged. The latest confirmed DAP sale to an Indian importer was at US$865/t cfr.

Mosaic also did not confirm if this sale is to a trading firm or importer.

Original article written by Tom Hampson for Argus Media.