Fresh large-scale NPK sales made to India

Market: Fertilizers
14/03/24

Sales totalling 100,000t of key NPK grades have been made to India, including 10-26-26 at a steady price of around $420/t cfr duty unpaid.

The Russian-produced material will be delivered to two receivers.

One buyer is to receive 30,000t of 10-26-26 and 30,000t of 12-32-16, while another will take 20,000t each of the two grades.

The 10-26-26 sales at around $420/t cfr duty unpaid were unchanged on previous levels.

The current premium over 10-26-26 for 12-32-16 puts the fresh sales of the latter grade at around $440/t cfr duty unpaid.

The rise in market activity has been helped by the Indian government's announcement of nutrient-based subsidies for the upcoming kharif season.

The subsidies for all complex fertilizers were raised, relative to the rabi season. This included increases of over 19pc for 10-26-26 and almost 20pc for 12-32-16.

By David Maher

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23/12/24

Viewpoint: Tight US phosphate supply may ease

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23/12/24

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23/12/24

Viewpoint: Brazil may face road bottleneck in 1Q

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US Congress passes waterways bill

19/12/24

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19/12/24

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USDA awards more funding to increase fertilizer output

19/12/24

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19/12/24

USDA awards more funding to increase fertilizer output

Houston, 19 December (Argus) — The US Department of Agriculture (USDA) awarded over $100mn this week across nine states to increase domestic fertilizer production as the effort to make farmer affordability more favorable continues. About $116mn will be invested through the USDA's Fertilizer Production Expansion Program (FPEP) to help eight facilities expand output in California, Colorado, Georgia, Indiana, Iowa, Kansas, Michigan, Oklahoma and Wisconsin. Recipients include the Michigan Potash Company, where the construction of a new facility should yield 400,000 metric tonnes (t) annually of high-grade potash, and Farmers Cooperative Association, where funding will expand its existing dry fertilizer facility with additional storage and processing capacity. "When we invest in domestic supply chains, we drive down input costs and increase options for farmers," USDA secretary Tom Vilsack said. Through the FPEP, the USDA has invested $517mn in 76 fertilizer production facilities across 34 states and Puerto Rico. President Joe Biden's administration committed up to $900mn in the program through the Commodity Credit Corporation, which is expected to support long-term investments by strengthening supply chains. Higher US fertilizer prices throughout this year deterred fall demand as lower crop prices forced farmers to sell more of a crop to afford nutrients. The last USDA FPEP funding announcement was in August , when $35mn was granted to boost seven domestic production projects. By Taylor Zavala Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Strikes at Australian commodity ports to continue

19/12/24

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19/12/24

Strikes at Australian commodity ports to continue

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