U.S. Gulf:
The potash barge market was described as quiet, especially compared with other markets. NOLA barges were put at $670-$680/st FOB, softening from the last done $675-$685/st FOB.
Eastern Cornbelt:
The potash market remained at $720-$730/st FOB in the Eastern Cornbelt, with Q1 rail-DEL offers reported in the same range. The Cincinnati market was pegged at the $725/st FOB level at midweek. Michigan warehouse pricing was reported in the $733-$743/st FOB range in early January.
Western Cornbelt:
Potash remained at $710-$725/st FOB and $715-$730/st rail-DEL in the Western Cornbelt, with the low reported at St. Louis.
Northern Plains:
Potash FOB St. Paul was quoted at $710-$720/st FOB for Q1 tons. The last prices FOB Saskatchewan mines were reported at $680-$695/st FOB after netbacks, depending on grade and destination.
Northeast:
Potash pricing remained in the $740-$760/st FOB range in the Northeast for Q1 tons, with the Lancaster market quoted firmly at the $750/st FOB level in early January.
Eastern Canada:
Potash pricing for Q1 tons was quoted at C$990-$1,030/mt FOB regional warehouses in Eastern Canada, steady from last report.
Indonesia:
The Indonesian government released the November 2021 MOP import numbers. Trade Data Monitor reported January-November 2021 imports at 2.04 million mt, up 30 percent from the 1.57 million mt imported during the same period in 2020. The main suppliers were Canada at 905,000 mt, Russia at 480,000 mt, and Belarus at 410,000 mt.
November 2021 imports were reported at 340,000 mt, up from the 229,000 mt imported in November 2020.
Brazil:
Sources reported softer prices with strong reserves, low demand, and more product on the way. The landed port price was pegged at $780-$810/mt CFR.Lower demand in the countryside also led to softer prices at Rondonopolis, where the price was reported at $890-$978/mt FOB ex-warehouse.