Indian tender

The Indian tender refers to the centralised procurement process through which Indian authorities import fertilisers, chiefly phosphates and nitrogen-based products, to supplement domestic output. State bodies issue tenders establishing target volumes and price caps, within a subsidy framework that keeps farmgate prices at affordable levels.

These tenders serve as a regional benchmark for dap-phosphate-diammonique and map-phosphate-monoammonique markets. India ranks among the five largest national markets in nutrient consumption, with 20.4 Mt of nitrogen, 9.0 Mt of P₂O₅ and 3.2 Mt of K₂O in 2020^[1]. The country uses imported ammonia largely to produce DAP^[2]. Traders and producers monitor these tenders to anticipate tightness in physical markets and movements in references-de-prix.