Platts proposes changes to CFR India DAP assessment effective June 5

Platts, part of S&P Global Commodity Insights, is proposing to amend the specifications of its CFR India Diammonium Phosphate (DAP) assessment, effective June 5, 2025.

Platts is proposing changes to duty status, quantity, and timing specifications of the assessment. The changes are intended to provide a more precise assessment of market value.

Duty, quantity and timing specifications

Under the proposal, the assessment will be refined to be duty-unpaid dutiable DAP incurring the standard Indian rate of duty, currently 5%. Price information related to duty-unpaid dutiable DAP that incurs a different duty percentage and duty-free DAP will be normalized to this basis, where applicable and possible.

Platts also proposes changing the quantity specification to a basis of 25,000-50,000 mt to better reflect typical transaction sizes. Platts would normalize information to this point where necessary. At present, the weekly assessment reflects a minimum 6,000 mt clip size.

The revised specifications for the assessment would read as follows:

FDPBJ04 -- Diammonium Phosphate CFR India $/mt Weekly

• Quality: DAP with nitrogen content of 18%, a standard P205 content of 46%, and a maximum moisture content of 2.5%
• Quantity: Basis 25,000-50,000 mt
• Basis and location: Duty unpaid spot product that incurs the standard rate of Indian import duty, CFR India, all ports
• Timing: Shipment 5-30 days forward
• Frequency: Weekly, every Thursday
• Unit of assessment: $/mt
• Timestamp: 16:30 London close, published according to the London publishing calendar

The assessment appears in Platts Connect, the Phosphate Market Report, the World Fertilizer Review, and the Platts price database under the symbol FDPBJ04.

Please send any feedback, questions and comments about this proposal to fertilizer@spglobal.com, and pricegroup@spglobal.com by April 29, 2025.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.