US Imports:
Phosphate rock imports were up 15.0% in the July-November period, firming to 1.33 million st from the prior-year 1.16 million st. Imports were up 197.6% in November, lifting to 327,196 st from the year-ago 109,963 st.
Jordan/India:
Jordan Phosphate Mines Co. (JPMC) on Jan. 10 reported signing an agreement with Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) to increase phosphate rock exports from 1.2 million mt/y to 3 million mt/y, starting this year.
India is looking to reduce its dependency on spot DAP purchases and to expand its contract-buying resources (GM Jan. 6, p. 11). Increased long-term agreements for phosphate rock will make DAP production in India easier, and reduce the amount of DAP and NPKs needing to be imported.