Nutrien Ltd. announced on Oct. 4 that it is raising domestic potash prices by $25/st, effective immediately. This takes the posted level for new orders up to $325-$330/st FOB Midwest terminals, with the average NOLA barge price moving up to $300/st.
The company reported that it is sold out through November for domestic potash sales. “This price move reflects strong global demand and tight supplies, in advance of what we expect to be a robust fall application season in North America,” Nutrien said.
The Nutrien increase follows a $15/st potash price increase announced by The Mosaic Co. on Sept. 26.