US Gulf:
NOLA barge prices continued to be called $360-$370/st FOB for prompt business. May was put in the $370s/st FOB.
Eastern Cornbelt:
Potash was unchanged at $425-$430/st Cincinnati and $440-$460/st FOB out of inland warehouses.
Western Cornbelt:
Potash terminal prices were pegged in a broad range at $415-$465/st FOB in the Western Cornbelt, with the St. Louis market remaining a $415-$425/st FOB.
California:
Potash was quoted at $615-$645/st FOB in California for new business, depending on grade and location.
Pacific Northwest:
The last confirmed potash business in the Pacific Northwest was reported at $560-$570/st FOB and $562/st rail-DEL for January fill. Post-fill pricing moved up $40/st, to $600-$610/st FOB, though these levels remained untested.
Western Canada:
Potash pricing was unchanged at C$715-$735/mt FOB Saskatchewan mines for truck tons, depending on grade.
India:
January potash imports totaled 168,000 mt, Trade Data Monitor reported, off 47% from the year-ago 316,000 mt. Canada and Israel accounted for about 60% of the imports, sending a combined 98,000 mt.
Bangladesh:
The Canadian Commercial Corp. (CCC) has signed a new government-to-government (G2G) contract with the Bangladesh Agricultural Development Corp. (BADC) for the delivery of Canadian potash from Canpotex Ltd., CCC said on March 20.
CCC did not disclose the volume to be supplied under the new contract. This is the eighth G2G contract the company has inked with BADC.
CCC said it facilitated the sale of over $500 million of Canpotex potash to Bangladesh in 2022. According to the organization, the government of Bangladesh in 2022 increased its imports of Canadian potash by more than 200% compared to 2021.
China:
Potash imports for January-February totaled 1.6 million mt, according to Trade Data Monitor, an11% increase from the prior-year 1.5 million mt.
February imports were 694,000 mt, down 10% year-over-year from 771,000 mt. Belarus sent 259,000 mt, while Russia and Canada combined for 311,000 mt.
Brazil:
Sources put the price at $440-$460/mt CFR. Large potash quantities stored in bonded warehouses are keeping downward pressure on prices, sources said. Bids reported at $400-$410/mt CFR were not accepted.
Prices in Rondonopolis widened to $550-$585/mt FOB ex-warehouse. Sources said that bids at the low end of the range reflected efforts to pick up potash from sanctioned countries such as Belarus. The upper end of the range was reportedly for product from “normal” sources, such as Canada and Israel.