Fertilizers
DAP
Diammonium phosphate (DAP) is a concentrated phosphate fertilizer used widely in grain and broad-acre agriculture.
MARKET REFERENCES
How the market commonly references price
There is rarely one universal price for a physical commodity. Commercial value depends on the benchmark, specification, origin, destination, timing and logistics agreed between buyer and seller.
- CFR India DAP
- FOB Morocco / North Africa
- FOB China / Middle East regional references
TYPICAL COMMERCIAL STRUCTURE
How physical pricing is often built
Spot cargoes are typically negotiated as a regional FOB or CFR assessment ± producer/origin differential. For destination markets, FOB value + freight + handling provides the commercial delivered equivalent.
PRICE DRIVERS
What moves the physical differential?
- Phosphate rock and ammonia costs
- India import demand
- China export policy
- Sulphur cost
- Freight
PHYSICAL TRADE
Commercial considerations
Nutrient specification, granulation, cadmium limits and bagging/bulk basis can affect price.
The examples on this page describe common market conventions at a high level. Actual contracts can use different pricing periods, assessments, quality adjustments, Incoterms and negotiated differentials.
Market methodology reference: view source / methodology
PHYSICAL COMMODITY BROKERAGE
Discuss a DAP requirement.
Share the specification, quantity, origin or destination, delivery basis and timing.