Platts to make changes to CFR India phosphoric acid assessment effective July 3

Platts, part of S&P Global Commodity Insights, will amend the specifications of its CFR India Phosphoric Acid assessment, effective July 3, 2025.

Platts will make changes to the duty status, quantity, timing and basis and location specifications of the assessment. The changes are intended to provide a more precise assessment of market value.

Duty, quantity, timing and basis and location specifications

The assessment will be refined to be duty-unpaid dutiable phosphoric acid, incurring the standard rate of duty, currently 5%.

Price information related to duty-unpaid dutiable phosphoric acid that incurs a different duty percentage and duty-free Phosphoric Acid will be normalized to this basis, where applicable and possible.

Platts will also change the quantity specification to a basis of 10,000 mt to 35,000 mt phosphoric acid solution (52%-54% P2O5) 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 P2O5 phosphoric acid clip size.

Phosphoric acid is typically priced and assessed per mt of 100% P2O5, but is transported in dilute form, so that the price per mt of (52%-54%) cargo received differs from the assessed price per mt of (100%) P2O5.

The location specification of the assessment will also be narrowed, with Kakinada on the East Coast of India as a basis, and price information relating to other relevant Indian ports will be normalized to this point where applicable and possible.

Platts will launch a single number close value for the assessment.

In line with the current regular weekly cadence of this assessment, the assessment name would be changed from "Phosphoric Acid (100% P2O5) CFR India $/mt Qtly" to "Phosphoric Acid (100% P2O5) CFR India".

The revised specifications for the assessment would read as follows:

The assessment appears in Platts Connect, the Phosphate Market Report, the World Fertilizer Review, and the Platts price database under the symbol FPAIA04.

Platts proposed the amendment in an earlier subscriber note published here(opens in a new tab).

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

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.