Tag: Potash

We profile leading suppliers of tailor-made pumps to the phosphate, potash and sulphur industries.

Market as of 20th June 2024. Urea: Prices remain stable while the market awaits clear price direction on whether to hold current f.o.b. levels or to push higher.

Some 1,265 delegates from 552 companies and 72 countries gathered in Singapore for the 9Ist International Fertilizer Association (IFA) Annual Conference, 20-22 May 2024. Claire Newell, IFA’s Director of Communications & Marketing, reports on the main highlights of this three-day flagship event.

We highlight recent innovations, including fertilizers recovered from industrial residues, novel controlled-release coatings, and products that incorporate biological components designed to benefit both crop nutrition and soil heath.

We compare and contrast the 2023 financial performance of selected major fertilizer producers following the publication of fourth quarter results.

Urea: Prices continued their global decline in mid-April, including at New Orleans. The notable exception was Brazil where prices firmed due to buyer interest in the market for May and beyond.

OCP Group and Fortescue subsidiary Fortescue Energy have announced a 50:50 joint venture (JV) to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets.

At the end of April, Australian mining giant BHP made waves in the business world by offering US$39 billion to take over its London-based rival Anglo-American, creating the world’s largest diversified mining company. For its part, Anglo’s board announced that it was rejecting the offer, saying that it was “opportunistic” and that it “significantly undervalued” their company. A revised bid was said to be in preparation at time of writing.

Paradeep Phosphates Limited (PPL) and Mangalore Chemicals & Fertilizers Limited (MCFL) have agreed to merge.

Urea. As February ended, urea prices found support in the US and Brazil while Europe remained subdued and Egypt struggled to find buyers. New Orleans was the one bright spot in the urea market – with NOLA prices benefitting from the meeting of suppliers and buyers at the TFI’s domestic conference. With positive sentiment all round, prices moved up $30/st, peaking at $390/st f.o.b. for March.