Market Insight courtesy of Argus Media. Urea: Prices fell in most global markets in early March as suppliers chased limited demand. Although India’s purchase tender has yet to formally conclude, IPL looks set to book 1.15 million tonnes of urea at $330-334.8/t cfr, with traders mainly sourcing from Russian and Middle Eastern producers.
Potash production improvements are being made in areas such as ore extraction, cooling and froth flotation. We review technological developments from Sandvik, Eriez, Nouryon and Solex Thermal Science.
We look ahead at fertilizer industry prospects for the next 12 months, including the key economic and agricultural drivers likely to shape the market during 2023.
After two turbulent years, could the fertilizer market finally start to stabilise in 2023? Well, that’s what Dutch agricultural finance house Rabobank is predicting…
Market Insight courtesy of Argus Media. Urea: The market remained weak at the start of the year with urea prices falling as producers fought for liquidity. Egyptian product fell by $40/t to $495/t f.o.b. in a matter of days, while f.o.b. prices in the Middle East and southeast Asia similarly fell to around $440/t. Urea prices in many end-user markets also slumped: US prices fell over the course of the first week of January by $30/t, Brazil by $15/t and many European markets by around $20/t.
Yara International is to supply fossil-free fertilizers to El Parque Papas, Argentina’s largest potato grower, in 2023.
The global potash market has endured a tumultuous 18 months, says Andy Hemphill, senior editor for potash and sulphuric acid at ICIS Fertilizers. Export sanctions, high offer prices and buyer unrest persist as we enter 2023.
Last year saw global trade in all commodities have to take into account the potential loss of supply from Russia, a key exporter of many commodities. Sulphur was no exception, with prices swinging wildly across the year.
Market Insight courtesy of Argus Media
Yara International has approved a project to partly convert its Pilbara plant near Karratha in Western Australia to green ammonia production.