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Potash
Overview
The potash market has been disrupted from its traditional trade flows and typically slow-moving price cycles, affected by new entrants, new mines, military conflicts and political tensions in countries that either produce or consume some of the largest quantities of potash in the world. The need for accurate insight and data is more acute than ever.
Our extensive potash coverage includes MOP, SOP and NOP. Argus has many decades of experience covering the potash market and we incorporate our multi-commodity market expertise to provide potash price assessments, analysis and data that provides the full narrative.
Argus support market participants with:
- Weekly potash price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of potash prices, supply, demand, trade and projects
- Bespoke consulting project support
Latest potash news
Browse the latest market moving news on the global potash industry.
Canpotex, Coromandel settle new Indian MOP contract
Canpotex, Coromandel settle new Indian MOP contract
London, 17 July (Argus) — Canadian potash distributor Canpotex and Indian fertilizer importer Coromandel International (CIL) have settled a new Indian standard MOP contract price at $283/t cfr with 180 days of credit for deliveries until 31 December 2024. Volumes are undisclosed but CIL imported around 416,000t of MOP during the 2023-24 fertilizer year, according to Argus data. Imports under the new contract will likely be around this figure. The contract price is $4/t higher than the contract price signed last week by India's IPL at $279/t cfr with 180 days' credit and $36/t below last year's headline price of $319/t cfr with 180 days' credit. Canpotex and CIL's contract price is also $10/t higher than the contract price settled in China last week at $273/t cfr between Russia's Uralkali and the Chinese buying consortium. This latest contract price is broadly in line with standard MOP prices in southeast Asia, which Argus currently assesses at $275-305/t cfr. By Julia Campbell Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Brazil, Bolivia sign fertilizer agreement
Brazil, Bolivia sign fertilizer agreement
Sao Paulo, 10 July (Argus) — Brazil and Bolivia signed a cooperation agreement on 9 July to trade fertilizers and sodium chloride (NaCl). The agreement came after Brazilian president Luiz Inacio da Silva visited Bolivia earlier this week. The deal was struck by Brazil's agriculture and livestock ministry and Bolivia's hydrocarbons and energy ministry. The deal not only sets rules for fertilizer and NaCl sales between the countries but also intends to promote energy integration between the neighbors. According to the deal, the parties will communicate with each other its own availability of urea, NPK, potash, slow-release urea and NaCl between each other according to needs; evaluate how to execute sale contracts; identify potential clients and possible destinations of fertilizers and NaCL; and cooperate on marketing strategies. The agreement will run for five years and may be extended for the same period. By João Petrini Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Fertilizer affordability falls from May on higher urea
Fertilizer affordability falls from May on higher urea
London, 8 July (Argus) — Global fertilizer product affordability has weakened sharply over the past two months on lower crop prices and higher urea prices following supply restrictions at key producers in Egypt. Nutrient affordability fell to 1.06 points in the first week of July, from an average of 1.24 points in May. An affordability index above one indicates that fertilizers are more affordable, compared with the base year, which was set in 2004, while below one indicates lower nutrient affordability. The decline in nutrient affordability over the past two months comes as farmers prepare to harvest grain crops in the northern hemisphere. The fertilizer index — which includes international prices for urea, DAP and potash, adjusted by global usage — reached the highest value since March, mostly driven by a jump in urea prices, which weighs heavily on the fertilizer index owing to the relatively higher global usage when compared to DAP and potash. Prices for urea surged from May into early July, supported by tight spot availability, as urea plants in Egypt were affected by gas supply constraints from mid-late May. The unplanned urea plant shutdowns in Egypt caught the market by surprise and resulted in the Middle East benchmark rising by an average of 23pc since May, to $353.5/t fob on a midpoint basis in the first week of July. But output at some urea plants in Egypt has started to resume from early this month following the restoration of natural gas supply, which should help to improve availability and provide some respite to overall supply tightness. By Lili Minton Affordability Index Regional Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Fertistream buys Africa-focused Nutrisource
Fertistream buys Africa-focused Nutrisource
London, 5 July (Argus) — UAE-based trading firm Fertistream has acquired Singapore-based Nutrisource and its fertilizer assets in Africa. The deal includes the purchase of Nutrisource's new 200,000 t/yr blending unit in Togo. The unit has 60,000t of storage capacity for raw materials and 30,000t for finished product. Production of blends at the facility is expected to begin in the fourth quarter, for sale to the local region. The new unit will have the ability to produce high-phosphate NPK blends, which are in demand in the region, as well as tailored blends to meet the needs of regional crops and soils. The unit is north of the port of Lome, enabling it to supply neighbouring countries, including Burkina Faso, Ghana, Niger, Benin and Mali. Fertistream has sold almost 500,000t of fertilizers to African markets so far this year, and the acquisition will further strengthen the company's position in the continent, especially in west Africa. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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