Nigeria's Dangote sells another urea cargo

Nigerian fertilizer producer Dangote has sold a further 30,000t of granular urea to a trading firm, likely priced in the high $320s/t fob, marking the supplier's third sale in a week.

There was no comment from the parties involved regarding price or loading period. This cargo will likely load between end-August and early September.

Dangote had sold a 30,000t granular urea cargo early last week at $326-327/t fob for second-half August loading and another towards the end of last week at a slightly higher level for first-half September shipment.

By Dana Hjeij and Harry Minihan