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Carolina Eastern joins ag distributor coalition

  • : Fertilizers
  • 24/08/14

US fertilizer distributor Carolina Eastern to join Aligned Ag Distributors (AAD) ownership group in a move that the company expects will bolster its competitiveness in the nutrient space.

Carolina Eastern will join a group of about 12 other distributors in the US that work together to be cost efficient in providing crop protection products, fertilizer, and other crop inputs to customers across the country. The company will officially become an additional AAD owner on 1 October.

Joining AAD will strengthen Carolina Eastern's role as an independent agriculture retailer and make the company more competitive in the crop protection market, Carolina Eastern executive vice president Butch Rodgers said.

The distributor company offers crop nutrients and other agriculture services at 30 retail locations, largely based in South Carolina.

AAD offers combined negotiation and purchasing power to increase the success of local distributors.


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India's Hurl receives no offers in 20-20-0+13S tender


24/08/07
24/08/07

India's Hurl receives no offers in 20-20-0+13S tender

London, 7 August (Argus) — Indian public-sector fertilizer company Hindustan Urvarak and Rasayan (Hurl) received no offers against its tender to buy 20-20-0+13S, which sought delivery of 30,000t to India's west coast and 30,000t to the east coast, the company said. The closing date was 5 August , and the minimum offer quantity was 30,000t. Submissions were to be opened on 6 August. Offers had to be valid for 30 days from that date. The lack of submissions to Hurl follows fellow Indian importer Hindalco receiving no offers in its tender to buy 25,000-50,000t each of TSP and various complex fertilizers for end-of-September/early-October arrival. The complex fertilizers that Hindalco requested were 10-26-26, 12-32-16, 15-15-15, 16-16-16, 16-20-0+13s and 20-20-0+13S. The lack of offers of NPS/NPK grades in the recent tenders has surprised at least some in the market. But a tender from India's Fact, which requested two 20,000t lots of 15-15-15 and will close on 9 August, is expected to generate supplier interest. By David Maher Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Indian July DAP stocks fall on the month to 2mn t


24/08/06
24/08/06

Indian July DAP stocks fall on the month to 2mn t

London, 6 August (Argus) — Indian DAP stocks continued declining in July and fell well below their levels of a year ago, led by a year-on-year drop in imports and domestic output. Stocks at the end of July fell to around 2mn t from 2.3mn t at the end of June, and well below the 3.6mn t a year ago, provisional government data show. DAP offtake was around 1mn t in July compared with 1.26mn t in July last year, but outstripped combined production and imports by around 250,000t. Domestic output totalled 373,000t, lower than the 437,000t in July last year . And imports fell to a three-month low of 377,000t, according to line-up data, well below the 571,000t imported last year. So far this year, monthly DAP imports have consistently remained below their 2023 equivalent. India has struggled to import DAP because the maximum retail price and nutrient-based subsidy mean current cfr prices — last done at $590s/t last week for Saudi product — equate to a substantial loss for importers. Even with the potential introduction of a special additional subsidy for DAP , the breakeven price for imported DAP would only be raised to the mid-high $540s/t cfr. Major Indian importers are currently negotiating a purchase of 300,000-500,000t of DAP with Morocco's OCP for arrival until the end of December. But these volumes alone would not be sufficient to push up stocks in the coming months if other imports and domestic output stagnate. Offtake typically exceeds 1mn t/month over September-November. By Adrien Seewald Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Indian urea stocks slide in July, monsoon rains rise


24/08/06
24/08/06

Indian urea stocks slide in July, monsoon rains rise

Amsterdam, 6 August (Argus) — Indian urea sales rose to 4.65mn t last month and monsoon rains have accelerated, supporting domestic consumption, with inventories pressured lower. Indian domestic urea sales rose to 4.65mn t in July from 4.53mn t in the same month last year, the latest provisional data show. Production was also higher, rising to 2.65mn t from 2.48mn t in July last year. The rise in domestic consumption resulted in a further drop in countrywide stocks, to 8.7mn t at the end of the month. Inventories had stood at around 10mn t in mid July, down from 11mn t at the end of June and 11.3mn t at the end of May. Domestic urea demand is expected to remain supported in August, with monsoon rains accelerating to 533.3mm by 6 August since the start of June, up by 6.6pc on the long-term average. The country's meteorological department forecast last week that rainfall for the remainder of the monsoon season in August-September will be "above normal", or higher than 106pc of the long-term mean. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Chile 1H24 sulacid imports fall to three-year low


24/08/06
24/08/06

Chile 1H24 sulacid imports fall to three-year low

London, 6 August (Argus) — Chile's imports of sulphuric acid totalled 1.62mn t in January-June, down by 14pc on the year, representing the lowest level for the past three years, GTT data show. The decline reflects logistic and discharge issues at the key Mejillones port, which suffered the worst heavy swell period since records began, and a lack of fresh demand towards the end of the third quarter. This season's heavy swells period started in early December last year, a month earlier than expected, and lasted until the end of April this year. This resulted in a bulging import line-up and demurrage costs for endusers, which dissuaded them from entering the spot market. Peru shipped 539,000t in January-June, down by 21pc on the year, as logistical issues stemming from congestion at Mejillones and some unplanned output issues affected overall shipments to date. Imports from Asian countries recovered sharply from last year's drop in shipments, reflecting already-contracted cargoes covering annual commitments in Chile. China's shipments to Chile jumped 151pc on the year, with 492,000t shipped in January-June. South Korea's exports rose by 8pc to 247,000t during the period, while Japan-origin acid imports totalled 205,000t in January-June, up by 41pc on the year. The decline in shipments was most notable in June, with imports dropping 30pc on the month to 168,000t — the lowest monthly value since January 2021 due to ample inventories at the port and a lack of fresh import demand. Chilean buyers refused to enter the spot market owing to market length and rising Chinese fobs prices, which gained nearly 50pc during June as OCP entered the Asian market to secure acid cargoes for third quarter delivery. By Lili Minton Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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