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Phosphoric Acid price should be lowered to USD 600/MT: IFFCO.

New Delhi, May 29 (ANI-NewsVoir): Indian Farmers Fertiliser Cooperative(IFFCO), the world's largest fertiliser cooperative federation based in India has said that Phosphoric Acid price should be lowered to USD 600/MT or even less than that.

Speaking further on the Price Negotiations of Phosphoric Acid for Financial Year 2016, IFFCO said currently the price is around USD 715/MT. Suppliers are now selling the DAP at 350/MT or even somewhere less than that.

IFFCO said to its JV partners and suppliers to accept the provisional Phosphoric Acid price of USD 600/MT till price settlement is done from 1st June,16 onwards. Last year IFFCO brought around 0.825 Million MT of Phosphoric Acid at an average price of USD 785/MT. (ANI-NewsVoir)

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Publication:Asian News International
Date:May 29, 2016
Words:140
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