Both Nutrien and Mosaic have announced fill programs for potash at $365/st FOB river terminals and $370/st FOB inland warehouses in the Midwest. Nutrien is also reportedly referencing a $375/st rail-DEL fill level, while Mosaic is quoting a NOLA barge reference of $335/st FOB for fill.
Mosaic’s program covers shipments through September with the order period expected to close at the end of the week, followed by higher postings for Q4 availability. Industry sources report that Nutrien is accepting fill orders through Friday, May 7, for tons shipped July through September. Sources said Nutrien has scheduled a $30/st increase when the order book closes.
Eastern Canada sources also confirmed fill offers from both producers at C$520/mt FOB warehouses for orders placed by close-of-business on May 7. After the order book closes, sources said the price will firm to C$560/mt FOB.