Hear Argus’ essential analysis of phosphate market in India and Pakistan, focusing on how DAP prices are developing, the status of contract negotiations, DAP exports from China, TSP exports from Morrocco and the market outlook for 1Q 2026.

Join Tom Hampson, Global Editor – Phosphates, Adrian Seewald, Senior Market Reporter –

Phosphates and Mike Nash, Senior Editor – Fertilizers as they discuss these topics in the latest

episode of Argus' Fertilizer Matters podcast series.

Key questions answered in this podcast:

- What were the key market sentiments from the Fertilizer Association of India conference

- How have DAP prices developed in December?

- Chinese exports to India to be delayed in 2026?

- How are 1Q phosphoric acid contract negotiations developing?

- How has Pakistan fared with this year’s high season compared with previous years?

- Why has the differential between DAP cfr Pakistan and DAP cfr India fluctuated?

- How could domestic DAP Pakistan prices and demand develop in 1Q 2026?

- How have India and Pakistan reacted to Morocco’s push to move more TSP into South Asia