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Ma'aden signed a five-year agreement to supply India 3.1 million tonnes of phosphate fertilizers annually from 2025 to 2030. In October 2025 it sold 180,000 tonnes of DAP at $728 per tonne CFR India, just above Russian supplies at $725.
A large long-term supply deal improves India's import security and sets a competitive DAP benchmark near $725 to $728 per tonne CFR, shaping phosphate price expectations.
agrospectrumindia.comSuchetana ChaudhuriOct 31, 2025After 273 past trade events, DAP moved a median +0.3% over 5 sessions (53% higher; middle half -0.4% to +1.5%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
