Sources said MMTC accepted the PIC price of $280/mt FOB. Almost immediately after, Fertiglobe also accepted that price. The agreement means MMTC will take at least 220,000 mt on an FOB basis. Sources are now saying MMTC could take 1.3 million – 1.7 million mt in the tender that closed Aug. 26. See the Aug. 28 issue of Green Markets for more details.
Transparency Across the Fertilizer Value-Chain