US Gulf:
The NOLA potash market remained at $320-$325/st FOB for the latest business, unchanged from last week.
Potash slipped to $375-$400/st FOB in the Eastern Cornbelt, down from last week’s $390-$415/st FOB range, with the low confirmed in Illinois for December-January offers. The Cincinnati market was pegged at $380-$400/st FOB in late December.
Western Cornbelt:
Potash dropped to $370-$400/st FOB in the Western Cornbelt, depending on location, with the St. Louis market reported at $370-$390/st FOB for the latest offers.
California:
Potash pricing remained at $530-$553/st FOB or DEL in California, depending on grade and location.
Pacific Northwest:
Potash was unchanged at $482-$508/st FOB or DEL in Pacific Northwest, with the high reflecting reference pricing for 62% MOP. The last postings from Intrepid FOB Moab and Wendover, Utah, included $435/st FOB for 60% white standard and $440/st for 60% white granular.
Western Canada:
Potash truck pricing in Western Canada was unchanged at C$575-$585/mt FOB Saskatchewan mines for November-December tons, depending on grade.
India:
November-October potash imports firmed 13% year-over-year, according to Trade Data Monitor, to 2.7 million mt from 2.4 million mt. India received 400,000 mt in October, above the 278,000 mt received one year earlier.
China:
Potash imports totaled 10.5 million mt in January-November, Trade Data Monitor reported, a 42% increase from the year-ago 7.4 million mt. Belarus sent 3 million mt, ahead of 2.7 million mt from Russia. November imports were 1.2 million mt, up from 639,000 mt in November 2022.
Brazil:
Imported potash prices dropped 6.5% week-over-week, to $285-$295/mt CFR from $305-$315/mt CFR, while rumors of lower prices went unconfirmed. A healthy expected import line-up has led sellers to offer pricing on a formula basis, sources said.
Rondonópolis prices weakened significantly, softening to $420-$450/mt FOB ex-warehouse from last week’s $440-$450/mt FOB, following the drop in CFR prices. Offer levels varied widely, and some suppliers seeking to thin high inventories were reportedly open to discounts.