Ma'aden, Saudi Arabia’s leading phosphate producer, has finalized a deal with three Indian buyers for 600,000 tons of DAP at a price of $810/ton CFR, with shipments slated for September and October.

This transaction is part of a five-year offtake agreement signed in July between Saudi Arabia and Indian importers IPL, Kribhco, and Coromandel (CIL), under which 3.1 million tons of phosphates will be supplied annually. The agreement was finalized during JP Nadda's recent visit to Saudi Arabia.

The shipments will be distributed evenly, with approximately 300,000 tons scheduled for delivery each month. IPL will secure around 350,000 tons of the total volume, while Kribhco and CIL will divide the remaining quantity.