Ammonia prices have been on a rising trend over the past few months as plant closures begin to make themselves felt. Yara’s Baltic ammonia price also rose sharply at the start of October, and Nutrien’s announcement of the closure of its PCS-03 plant on Trinidad helped lift prices, with Yara and Mosaic’s contract prices rising $16/t in October.
Recent protests in Belarus have triggered a wave of share price volatility, London’s Financial Times reported on 18th August.
Nelson Silva was appointed to Nutrien’s board of directors in the second week of August. His appointment coincided with the retirement of David C Everitt from Nutrien’s board, where he has been a director since 2013.
Sophisticated control of phosphates production is now possible thanks to the availability of real-time process analysers. We assess the range of technologies currently on the market and their key advantages.
The ammonia market continues to be oversupplied, and prices have dropped to historically low levels. Yuzhnyy rates dropped to $175/t f.o.b. in July. In spite of shutdowns in Trinidad and elsewhere, demand remains sluggish and recovery from the Covid epidemic is patchy, especially in the US.
The Sulphur Institute (TSI) has announced the selection of Ron Olson as its agronomist. Olson has over 30 years of experience as an independent consulting agronomist as well as 15 years with Cargill and The Mosaic Company. His agronomic consulting company worked directly with farmers and agricultural retailers offering custom soil sampling and soil analysis, and crop management expertise. The company pioneered the implementation of using precision agriculture tools for taking soil samples on a 2.5 acre grid, converting that data to computer maps and linking that data to GPS/GIS technology to develop crop management programs to achieve maximum economic yields. With Cargill and Mosaic he served as Research and Development Manager and led the team that developed the MicroEssentials™ suite of products., which has grown to become the leading commercial sulphur enhanced fertilizer sold globally.
Agricultural markets represent 75% of nitrogen demand worldwide. Rising populations, changing crop types, moves towards sustainability and the spread of speciality fertilizers and new technologies are all changing the market for nitrogen fertilizers, but the Covid pandemic may affect markets in a variety of different ways.
Merchant ammonia capacity, only a relatively small 10% of overall ammonia demand, has been expanding in recent years and was already in surplus even before the current Covid crisis, but longer term a shortage of new projects may tighten the market again.
IFA has announced the appointment of its Senior Director of Agriculture, Patrick Heffer , as the organisation’s Interim Director General as of May 1st. A formal search process for the next Director General has already been launched. Previous IFA Director General Charlotte Hebebrand stepped down at the end of April to assume a new role as Executive Vice-President and Chief Sustainability Officer at Nutrien, and says that she looks forward to continuing engagement with IFA.
Prices remain at low levels, in part because of oversupply due to new plant start-ups. However, there has also been a contraction in demand, especially for technical ammonia – industrial markets for ammonia in China and East Asia have been badly affected.