Mississippi Phosphates Corp. (MPC), a wholly-owned subsidiary of Phosphate Holdings Inc. said late Jan. 30 that it plans to add MAP to its product line, beginning in mid-February 2014. MPC has long produced DAP and sold it through traditional domestic and international channels. The company said the addition of MAP to its portfolio will allow it to take advantage of broader market opportunities. MAP is currently trading about $20/st higher at NOLA than DAP.
MPC said by broadening its product mix, it will combine internal marketing efforts with an exclusive off-take agreement for MAP with Interoceanic Corp. (IOC), of Ossining, N.Y., in an effort to enhance it’s targeting of value-added market sectors. It said IOC’s proven market success in the industry will be in direct support of MPC’s new market strategy.