Diva wins PKT export bid

JAKARTA: PT Diva Trasindo won on Tuesday an open bid to export 15,000 tons of fertilizer from PT Pupuk Kalimantan Timur (PKT) at a proposed price of US$257.20 per ton.

Diva will sign the free-on-board (FOB) deal for the export of urea granule fertilizer with PKT on Wednesday. Other bidders included PT Indevco Internusa, PT Divanka Niaga Mandiri, PT Bintang Baja, PT Liven Indonesia, PT Graha Curah Niaga, PT Limardi Trading Nusantara, PT Urbantara Karya and PT Parna Raya.

PKT received a license from the Ministry of Trade to export 250 million tons of fertilizer until September this year.

The price of urea granule fertilizer on the international market is currently $260 per ton, down from between $275 and $280 several months ago. --Antara