U.S. Gulf: Potash barges remained under pressure last week, with players calling recent trades within the $410-$415/st FOB range.
Eastern Cornbelt: Potash pricing in the Eastern Cornbelt was steady at $450-$460/st FOB most regional warehouses.
Western Cornbelt: Potash remained flat at $450-$460/st FOB most warehouses in the Western Cornbelt region.
Southern Plains: Potash pricing was tagged at $445-$455/st FOB regional warehouses, with several sources putting the Tulsa potash market squarely at the $450/st FOB mark last week.
Granular potash pricing FOB Carlsbad, N.M., was quoted at a nominal $465/st FOB.
South Central: Potash pricing had reportedly slipped to $440-$450/st FOB in the South Central region, with most warehouse quotes falling at the $445/st FOB level for red granular potash last week.
Southeast: Potash pricing continued to slide in the Southeast. Red granular tons were quoted at the $450/st mark FOB most regional warehouses, and one source said rail-delivered business was being “quietly negotiated” at $455/st in the region. The upper end of the rail-delivered market was quoted at $465/st for white granular potash.
The potash market FOB Baltimore was pegged at the $455-$458/st FOB level.
India: The new subsidy price for MOP is capped at RS11,300 (US$210)/mt for the current fiscal year. This amounts to a 14 percent reduction in MOP subsidy levels compared to last year.
The government capped MOP prices to farmers at RS18,333 (US$340.66)/mt.
Last year, India paid an average of $490/mt for its imported MOP. This year, according to media reports, the price is closer to $427/mt.
The order was issued May 1, but is retroactive to April 1, when the current fiscal year began.