Eastern Cornbelt:
June phos acid postings in the Eastern Cornbelt remained at $14.00/unit rail-DEL.
Western Cornbelt:
Phos acid prices were steady at $14.00/unit rail-DEL in the Western Cornbelt for June tons.
Northern Plains:
Phos acid pricing for June shipments remained at $14.00/unit rail-DEL in the Northern Plains.
Morocco:
Concern over quarterly phos acid prices between Indian buyers and OCP/Morocco has come to an end. OCP announced it would no longer engage in a public conversation over quarterly prices, and would instead handle prices internally with its joint-venture partners. The move will take the acid price out of the public domain.
Indian buyers and OCP were at a stalemate over the second-quarter price for this year. The Moroccan company reportedly wanted something close to $2,000/mt CFR, while the Indian government was adamant that it would not pay anything higher than $1,600/mt CFR.