# India buys Moroccan DAP, TSP | Latest Market News

> A major Indian importer bought 100,000t each of DAP and TSP for June-July shipment from Morocco. DAP was priced at $935/t cfr and TSP at $710/t cfr, in line with recent tender awards. Netbacks are about $880s/t fob for DAP and $660s/t fob for TSP.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/31530-india-buys-moroccan-dap-tsp-latest-market-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Large Indian purchases at high DAP prices confirm strong import demand and support global phosphate price levels.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-08-29 | [Ethiopia’s EABC seeks DAP in tender \| Latest Market News](https://feedsoft.ai/events/29118-ethiopia-s-eabc-seeks-dap-in-tender-latest-market-news.md) | +2.6% | +2.2% |
| DAP | 2024-03-25 | [US MAP-DAP premium primed to return on tariffs \| Latest Market News](https://feedsoft.ai/events/31539-us-map-dap-premium-primed-to-return-on-tariffs-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2026-02-12 | [Saudi Maaden sells 35,000-40,000t of DAP to Tanzania \| Latest Market News](https://feedsoft.ai/events/20931-saudi-maaden-sells-35-000-40-000t-of-dap-to-tanzania-latest-market-news.md) | -0.3% | +2.8% |
| DAP | 2024-03-25 | [Nola DAP re-export demand drives prices higher \| Latest Market News](https://feedsoft.ai/events/31533-nola-dap-re-export-demand-drives-prices-higher-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2020-06-29 | [Mosaic Fears Moroccan Domination of US Phosphate Market](https://feedsoft.ai/events/52922-mosaic-fears-moroccan-domination-of-us-phosphate-market.md) | +4.8% | +9.3% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2834394-india-buys-moroccan-dap-tsp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.