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Latest fertilizer news

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Latest fertilizer news
12/11/24

Brazil's MAP imports were above average in October

Brazil's MAP imports were above average in October

London, 12 November (Argus) — Brazil imported 441,000t of MAP in October, slightly above the five-year average for the month, according to Global Trade Tracker (GTT) data. Morocco's share of MAP exports fell on the year and was exceeded by the market shares of Saudi Arabia and Russia. MAP imports last month were below the 470,000t recorded in October last year but slightly above the 2019-23 October average of 424,000t. Receipts in the first 10 months of this year totalled about 3.76mn t, a sharp decline from 4.32mn t a year earlier, but only slightly below the 3.9mn t average over 2019-23. Since July, receipts have been above the norm, helping offset below-average imports in the first half of this year. A total of 457,000t of MAP are lined up to arrive in November so far, according to Unimar line-up data. This is below the 496,000t in November last year but above 411,000t in November over 2019-23. A further 28,000t have already been earmarked for December arrival. Brazilian MAP imports typically peak in July and remain at above 400,000t from July-November, according to the five-year average. Morocco's share falls Morocco's market share of the Brazilian MAP market fell by 20.2 percentage points on the year to 26pc last month, or 115,000t. Russia was the largest-single exporter to Brazil last month at 179,000t, representing a 40.5pc market share compared with 25pc in October last year. Saudi Arabia's share rose by 8.8 percentage points to 28.8pc, or 127,000t, also surpassing Morocco's share. Russia has remained the top MAP exporter to Brazil every month this year apart from in August, when it was surpassed by Morocco. And for the first month since July last year, Saudi Arabia's share of Brazilian MAP imports outweighed that of Morocco. About 44.9pc of November MAP deliveries to Brazil were of Russian origin, against only 8.8pc for Morocco and 16.8pc for Saudi Arabia, Unimar line-up data suggest. The US is set to deliver 25.8pc of November volumes. Moroccan phosphates exports to Brazil have focused more heavily on TSP this year. GTT data suggest that from January-August, Morocco sent 772,000t of MAP and 973,000t of TSP to Brazil, compared with more than 1mn t of MAP and 589,000t of TSP in the same period in 2023. And 542,000t of MAP is lined up to leave Jorf Lasfar in September-November, along with 438,000t of TSP, according to line-up data. Line-up data show that last year, 778,000t of MAP and 265,000t of TSP left the port over the same period. With lower volumes of Moroccan MAP on offer to Brazil this year, importers had to turn to Russia to secure the volumes they needed. Russia last week sold 30,000t MAP in the high $670s/t cfr to India, netting back to $623-627/t fob. This sale is above the netback of $603-605/t fob that Russia could have achieved with Brazil. By Adrien Seewald Brazil monthly MAP imports t Month 2024 2023 2019-23 October 441,000.0 470,000.0 424,000.0 September 430,000.0 474,000.0 475,000.0 August 564,000.0 532,000.0 475,000.0 July 525,000.0 519,000.0 501,000.0 — GTT Brazil monthly MAP imports by origin '000t Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Latest fertilizer news

Indonesian granular urea discussed up to $350s/t fob


12/11/24
Latest fertilizer news
12/11/24

Indonesian granular urea discussed up to $350s/t fob

London, 12 November (Argus) — Indonesian Pupuk subsidiary Kaltim closed a sales tender for 30,000-45,000t of granular urea today, with bids heard in the $340s/t fob. A sale has yet to conclude, but negotiations are reportedly ongoing in the $350s/t fob. There was no comment from the parties involved. The tonnage is for loading in November-December. Kaltim had sought $370/t fob under the tender. Urea fob prices have reset lower in the wake of the 11 November buy tender in India, with producers having targeted granular urea at around $370/t fob southeast Asia last week . But the levels under discussion in Indonesia still mark a premium to netbacks from the ongoing Indian tender, where the lowest price of $362/t cfr west coast would net to the mid $330s/t fob southeast Asia. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Egyptian urea trades for Europe, India


12/11/24
Latest fertilizer news
12/11/24

Egyptian urea trades for Europe, India

London, 12 November (Argus) — Urea sales from Egypt for November loading emerged today, with producer Abu Qir concluding a cargo for India, as well as selling to Europe in the $340s/t fob following a sharp drop at the start of the week. Abu Qir has sold 20,000t and 5,000t of granular urea at $343/t fob and $345/t fob, respectively. It also sold 20,000t of prilled urea at $340/t fob to Europe. All sales are for November loading. The producer has also sold one prilled urea cargo to India under IPL's 11 November tender at $362/t cfr west coast, but the fob price has yet to be confirmed. Offers had dropped to the mid-$340s/t to $350/t fob, with bids heard up to the mid-to-high $330s/t fob on 11 November. Sluggish demand from Europe, high stocks and an increase in production are weighing on the Egyptian market. Argus assessed granular urea at $355-367/t Egypt to Europe on 7 November. By Dana Hjeij Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Nutrien begins work on new fertilizer facility in WA


12/11/24
Latest fertilizer news
12/11/24

Nutrien begins work on new fertilizer facility in WA

Sydney, 12 November (Argus) — North American fertilizer producer Nutrien has started work on a new A$70mn ($46mn) fertiliser distribution centre and storage facility at Kwinana port in Western Australia (WA) after a fire damaged some port infrastructure at the Kwinana bulk jetty on 9 February. The fire damaged Nutrien's bulk fertilizer site holding granular products, an import system conveyor, associated transfer towers and a shed leased for the storage of fertilizer while the company's liquid bulk fertilizer storage and chemical manufacturing facilities were unscathed. Nutrien expects the new distribution centre to be operational in 2026. The new site will be located at East Rockingham, 2km away from the previous facility at the Kwinana bulk jetty, and will increase the company's bulk granular fertilizer storage capacity by 20pc to 130,000t. The new facility will feature three undercover outloads, more slots for storage, twin blending lines, pits and wheel washers on site for trucks. It will also have dedicated loading equipment with improved loading systems that will allow for improved loading speeds and operating conditions. The new distribution centre will complement Nutrien's other WA facilities ,which include a liquid fertilizer manufacturing plant, research facilities and more than 70 stores throughout metropolitan and regional WA. Since the fire, the Fremantle Ports Authority has supported Nutrien to continue operating at the Kwinana bulk jetty to meet the needs of its customers. The bulk jetty is owned and operated by Fremantle Ports, handling bulk commodities such as fertilizers, sulphur, cement clinker and petroleum products. "Nutrien will continue to supply farmers with fertilizer from its existing Kwinana site throughout the 2025 season prior to the new East Rockingham facility becoming operational," managing director Kelly Freeman said in a press statement. By Tom Woodlock Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Latest fertilizer news

Lower Mississippi draft restrictions lifted


11/11/24
Latest fertilizer news
11/11/24

Lower Mississippi draft restrictions lifted

Houston, 11 November (Argus) — The US Coast Guard (USGC) removed draught restrictions from the lower Mississippi River on 8 November, after several rain washed across much of the Midwestern US. Draft restrictions were completely lifted for north and southbound barges on the lower Mississippi River between Tiptonville, Tennessee, to Tunica, Louisiana. Approximately 2-8 inches of rain were reported in Illinois and Missouri in the last seven days, adding around 14 inches to the lower Mississippi River, according to the National Weather Service (NWS). St Louis, Missiouri was at a high of 11.5 inches above baseline on 11 November, up from a low of -1.5ft on 1 November. The USGC has had draft restrictions in place since August, with the river system receiving a short reprieve in early October after rain from Hurricane Helene poured into the US river system. But low water levels and restrictions returned about two weeks later. Prior to recent precipitation, drafts were restricted to 10-10.5ft for southbound barges and tows could not not be greater than 6-7 barges wide. Northbound barges could not draft greater than 9.5ft, tows could not be more than six barges wide, and only four barges could be loaded. High water levels are expected to remain through November, according to NWS but barge carriers have said that water levels will slip quickly if no additional rain falls along the upper Mississippi River. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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