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CHS grows STL capacity with new terminal deal

  • Market: Agriculture, Fertilizers, Freight
  • 08/01/25

US agribusiness CHS will increase its fertilizer product delivery capacity to farmers after securing an exclusive deal with an Ingram Barge subsidiary at its St Louis, Missouri, terminal ahead of this spring.

Ingram Barge subsidiary SCF Lewis and Clark Terminals will only move CHS product at its Municipal River Terminal in St Louis, allowing CHS access to more rail and barge shipments for distribution.

"This new pathway improves the efficiency and flexibility in our supply chain, so our farmers can have access to needed inputs, particularly during the busy growing season," CHS crop nutrients vice president Roger Baker said.

The CHS supply chain includes imports and the domestic distribution of nitrogen, phosphate, potassium and sulfur fertilizers.

CHS is a global agribusiness with a portfolio that includes agronomy, grains and energy businesses that reached a revenue of $39bn for fiscal year 2024. Ingram Barge Company operates a fleet of 150 towboats and 5,100 barges that transports commodities across the US river system.


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14/04/25

Ecuador's Noboa wins reelection with ample margin

Ecuador's Noboa wins reelection with ample margin

Quito, 14 April (Argus) — Ecuador's president Daniel Noboa won reelection in a run-off on Sunday with 56pc of the vote, a wider margin than projected after a tight first-round race in February . Electoral authority (CNE) head Diana Atamaint confirmed the results with 93pc of votes counted. Noboa will hold office through May 2029. Security has topped voters' concerns as gang violence has increased in recent years, and Noboa has vowed a tough approach on crime. He also wants to attract more private-sector investment to Ecuador's energy sector, with hopes of boosting crude production of about 467,000 b/d. His challenger, Luisa Gonzalez, obtained only 44pc, but she did not recognize Noboa's win and has called for a recount. She belongs to the left-wing Revolucion Ciudadana party, sponsored by former president Rafael Correa, a close friend of presidents Nicolas Maduro of Venezuela and Daniel Ortega of Nicaragua. She promised more state-led energy-sector investment. Noboa won with a difference of about 1.1mn votes out of the 10.5mn Ecuadorians that voted, the CNE said. He called the results overwhelmingly in his favor, speaking from his residency in Santa Elena province. He will hold office through May 2029. The Organization of American States (OAS) declared the voting process normal based on the participation of 84 of its observers. None of the 40,000 observers from Gonzalez's Revolucion Ciudadana party or Noboa's ADN party denounced irregularities. Noboa will continue in power with no single party holding a majority in the national assembly, Ecuador's 151-member unicameral congress, based on results from the 9 February congressional and first-round presidential election. Revolucion Ciudadana will have the first minority with 67 members, followed by ADN with 66 members and 18 members from another five parties. Noboa will be sworn in on 24 May. He took office in November 2023 to fulfill the mandate of former president Guillermo Lasso, who dissolved the national assembly in May 2023 and called for anticipated elections. By Alberto Araujo Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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US MAP-DAP premium primed to return on tariffs


11/04/25
News
11/04/25

US MAP-DAP premium primed to return on tariffs

Houston, 11 April (Argus) — The period of MAP and DAP prices trading near parity will be short-lived because newly-imposed US import tariffs could amplify MAP supply woes, market participants told Argus . MAP and DAP prices have traded in close proximity since early January, diverting from the significant MAP premium seen last spring and summer when a surplus of DAP was imported into the US. After limited MAP barge trading in March, activity accelerated at Nola this week as it became clearer that all non-North American phosphate imports would face at least 10pc import tariffs imposed by President Donald Trump starting last week. The Nola MAP price was assessed at a midpoint of $636.50/st fob this week, up by $9/st from last week, while DAP was assessed $12.50/st higher at $632.50/st fob Nola. Despite the "reciprocal" tariffs on certain phosphate producing countries being lowered to a universal 10pc this week by Trump for 90 days — in line with the original tariff imposed on other countries such as Saudi Arabia and Australia last week — the remaining levy is still enough to deter vessels from coming to Nola, sources said. In response, the Nola MAP price has averaged a $5.75/st premium to the Nola DAP price for April so far, flipping from a $3.88/st average discount in March. That is still a far cry from October 2024, when the Nola MAP price averaged a $61.45/st premium over the Nola DAP. From August through November, the Nola MAP price was 13pc higher on average than DAP. US market participants expect the premium to expand in the coming months as MAP is the preferred product of most farmers during the fall application season, potentially impacting buying decisions for that period. The US from July through February has imported 759,000 metric tonnes (t) of DAP, down by 26pc from the same period last year, according to US Census Bureau data. This lapse in imports for the start of 2025 was an initial driver in DAP's rising premium over MAP. In comparison, MAP imports for the same period have totaled roughly 853,000t, up by just 5pc from the year before. But at least 290,000 t of MAP will need to be brought into the US between now and the start of the summer to equal out with the tonnage imported for the full 2023-24 fertilizer year ahead of fall applications. That is a task that may not be easily achieved given the new tariff on most phosphate imports. One buyer this week said they could consider switching usual MAP demand toward an alternative NPS product heading into October and November given the difficult supply outlook for the US. "We are very much in wait and see mode, trying to see how tariffs evolve and how it works its way into the market in terms of price," another buyer said. The significant premium MAP held last fall also limited overall phosphate applications conducted by farmers, therefore raising the bar for the amount of phosphate fertilizer farmers will need to put into the ground later this year to replenish soil nutrients. By Taylor Zavala US DAP/MAP barge prices Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Malaysia sets new haulier limits at Port Klang


11/04/25
News
11/04/25

Malaysia sets new haulier limits at Port Klang

Singapore, 11 April (Argus) — The Association of Malaysian Hauliers (AMH) — under the transport ministry's directive — hasset operational weight limitson hauliers operating at port Klang effective from 1 May, possibly raising logistical costs for some fertilizer importers. The majority of haulier equipment used at port Klang has a maximum capacity of 38,000kg (38t), and the AMH has set a verified gross mass (VGM) weight limit of 25,000kg (25t). This results in trailers of 20ft and 40ft having a VGM limit of 25,000kg (25t), while side loaders will be imposed a VGM limit of 22,000kg (22t). These new weight limits could increase logistical costs for fertilizer importers, especially those using side loader hauliers, according to one fertilizer importer. Importers could previously load around 24-25t of product, but imposing a weight limit would mean that importers using side loader hauliers must pay for more containers for the same cargo size. Importers typically use side-load hauliers if they are importing large volumes of product, as it is more efficient. But this new regulation is unlikely to affect urea fertilizers as the typical volume for a urea cargo is usually around 21t, the importer said. The limits would more likely impact the loadings of fertilizers like phosphates, NPKs and potash. One NPK producer indicated that this could raise their import costs for incoming cargoes at port Klang by around 10pc. Some Malaysian importers have also indicated that they only ship cargoes in 25t containers and they would not be affected, as the policy is only limited to port Klang and 24t containers. Others have filed complaints to the port Klang authorities and are expecting to receive more feedback next week. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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New tariffs could upend US tallow imports: Correction


10/04/25
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10/04/25

New tariffs could upend US tallow imports: Correction

Corrects description of options for avoiding feedstock tariffs in 12th paragraph. Story originally published 3 April. New York, 10 April (Argus) — New US tariffs on nearly all foreign products could deter further imports of beef tallow, a fast-rising biofuel feedstock and food ingredient that had until now largely evaded President Donald Trump's efforts to reshape global trade. Tallow was the most used feedstock for US biomass-based diesel production in January for the first month ever, with consumption by pound rising month to month despite sharp declines in actual biorefining and in use of competing feedstocks. The beef byproduct benefits from US policies, including a new federal tax credit known as "45Z", that offer greater subsidies to fuel derived from waste than fuel derived from first-generation crops. Much of that tallow is sourced domestically, but the US also imported more than 880,000t of tallow last year, up 29pc from just two years earlier. The majority of those imports last year came from Brazil, which until now has faced a small 0.43¢/kg (19.5¢/lb) tariff, and from Australia, which was exempt from any tallow-specific tariffs under a free trade agreement with US. But starting on 5 April, both countries will be subject to at least the new 10pc charge on foreign imports. There are some carveouts from tariffs for certain energy products, but animal fats are not included. Some other major suppliers — like Argentina, Uruguay, and New Zealand — will soon have new tariffs in place too, although tallow from Canada is for now unaffected because it is covered by the US-Mexico-Canada free trade agreement. Brazil tallow shipments to the US totaled around 300,000t in 2024, marking an all-time high, but tallow shipments during the fourth quarter of 2024 fell under the 2023 levels as uncertainty about future tax policy slowed buying interest. Feedstock demand in general in the US has remained muted to start this year because of poor biofuel production margins, and that has extended to global tallow flows. Tallow suppliers in Brazil for instance were already experiencing decreased interest from US producers before tariffs. Brazil tallow prices for export last closed at $1,080/t on 28 March, rising about 4pc year-to-date amid support from the 45Z guidance and aid from Brazil's growing biodiesel industry, which is paying a hefty premium for tallow compared to exports. While the large majority of Brazilian tallow exports end up in the US, Australian suppliers have more flexibility and could send more volume to Singapore instead if tariffs deter US buyers. Export prices out of Australia peaked this year at $1,185/t on 4 March but have since trended lower to last close at $1,050/t on 1 April. In general, market participants say international tallow suppliers would have to drop offers to keep trade flows intact. Other policy shifts affect flows Even as US farm groups clamored for more muscular foreign feedstock limits over much of the last year, tallow had until now largely dodged any significant restrictions. Recent US guidance around 45Z treats all tallow, whether produced in the US or shipped long distances to reach the US, the same. Other foreign feedstocks were treated more harshly, with the same guidance providing no pathway at all for road fuels from foreign used cooking oil and also pinning the carbon intensity of canola oil — largely from Canada — as generally too high to claim any subsidy. But tariffs on major suppliers of tallow to the US, and the threat of additional charges if countries retaliate, could give refiners pause. Demand could rise for domestic animal fats or alternatively for domestic vegetable oils that can also be refined into fuel, especially if retaliatory tariffs cut off global markets for US farm products like soybean oil. There is also risk if Republicans in the Trump administration or Congress reshape rules around 45Z to penalize foreign feedstocks. At the same time, a minimum 10pc charge for tallow outside North America is a more manageable price to pay compared to other feedstocks — including a far-greater collection of charges on Chinese used cooking oil. And if the US sets biofuel blend mandates as high as some oil and farm groups are pushing , strong demand could leave producers with little choice but to continue importing at least some feedstock from abroad to continue making fuel. Not all US renewable diesel producers will be equally impacted by tariffs either. Some tariffs are eligible for drawbacks, meaning that producers could potentially recover tariffs they paid on feedstocks for fuel that is ultimately exported. And multiple biofuel producers are located in foreign-trade zones, a US program that works similarly to the duty drawbacks, and have applied for permission to avoid some tariffs on imported feedstocks for fuel eventually shipped abroad. Jurisdictions like the EU and UK, where sustainable aviation fuel mandates took effect this year, are attractive destinations. And there is still strong demand from the US food sector, with edible tallow prices in Chicago up 18pc so far this year. Trump allies, including his top health official, have pushed tallow as an alternative to seed oils. By Cole Martin and Jamuna Gautam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Egypt’s NCIC issues fertilizer sales tender


10/04/25
News
10/04/25

Egypt’s NCIC issues fertilizer sales tender

London, 10 April (Argus) — Egyptian producer NCIC has issued a tender to sell various fertilizers for loading in May, closing on 15 April. NCIC is offering the following products: 15,000t of DAP — it sold 30,000t at $647-650/t fob in its 24 March tender for shipment to India, likely in May 15,000t of TSP — it sold 15,000t at $495-503/t fob in its 24 March tender 30,000t of 19pc SSP — it sold 10,000t at $213-215/t fob in its 24 March tender 10,000t of CAN27 — it sold 12,000t at $300-305/t fob in its 24 March tender 5,000t of granular urea 1,500t of water-soluble SOP — it sold 1,500t at $555-560/t fob bagged in its 24 March tender, significantly lower than $580-590/t fob bagged in its 26 February tender NCIC had offered the fertilizers sold in its 24 March tender for loading in April. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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