Saudi Maaden Sells DAP to Latam

Why It Matters

The deal signals strengthening demand and pricing for Saudi DAP in Latin America, supporting Maaden’s revenue outlook and influencing regional fertilizer supply dynamics.

Key Takeaways

• Maaden sold 45‑50k tonnes DAP at $715‑720/t FOB
• Shipment scheduled for early March, headed to Latin America
• Likely destination Argentina, net forward price mid‑$750s/t CFR
• Price marks increase from previous week’s $667‑705/t assessment
• Buyer presumed trading firm; no official confirmation yet

Pulse Analysis

Saudi Arabia’s Maaden has become a pivotal player in the global DAP market, leveraging its extensive phosphate reserves and integrated production capacity. By pricing the recent 45,000‑50,000‑tonne shipment at $715‑720 per tonne FOB, the company not only captures a premium over recent benchmarks but also showcases the flexibility of its export logistics. This move underscores the strategic importance of Saudi fertilizer exports in meeting the growing nutrient needs of emerging agricultural economies, especially as supply chains recalibrate after pandemic‑induced disruptions.

The Latin American region, and Argentina in particular, is experiencing a resurgence in fertilizer consumption driven by higher grain yields and expanding arable land. Maaden’s anticipated net forward price of mid‑$750s to mid‑$760s per tonne CFR aligns closely with local market expectations, suggesting that buyers are willing to pay a premium for reliable supply. This price elevation from the prior week’s $667‑705 range reflects tightening global DAP inventories and heightened competition among trading houses seeking secure cargoes for the upcoming planting season.

Looking ahead, the transaction highlights a broader trend of increased trading activity between the Middle East and South America. As trading firms secure Saudi DAP volumes, they can buffer regional price volatility and support domestic agricultural output. For Maaden, repeated successful off‑takes reinforce its revenue diversification beyond domestic demand, while also positioning the firm to influence pricing power in key export markets. Stakeholders should monitor subsequent shipments for signs of sustained price momentum and potential shifts in supply‑demand balances across the fertilizer value chain.

Saudi Maaden sells DAP to Latam

By Tom Hampson · 19 Feb 2026 14:01 GMT · London, 19 February (Argus) · Saudi fertilizer producer Maaden has reported selling 45, 000‑50, 000 t of DAP at $715‑720/t FOB for loading in early March and shipment to Latin America.

No buy‑side confirmation has yet emerged, but the buyer is likely to be a trading firm.

The exact destination is unconfirmed, but a strong candidate would be Argentina, where the price would net forward to between the mid‑$750s/t and mid‑$760s/t CFR. This is broadly in line with latest prices in Argentina, although no sales have concluded there recently.

The price is up from last week’s Argus $667‑705/t FOB assessment for Saudi DAP.