Saskatoon-Moroccan phosphate rock prices are on the way up, according to David Delaney, president of PCS Sales, in a recent meeting with analysts. He said anyone relying on it will see the impact, including PotashCorp, which imports Moroccan rock at its Geismar, La., facility. Delaney said rock prices could double by the time the Geismar contract is up for renewal at the end of 2010, putting the facility, which produces 200,000 tons of P205, at risk. Sources noted that two smaller U.S. DAP players use imported rock – Mississippi Phosphates and Agrifos. However, the exact terms and lengths of those contracts are kept confidential. Agrium Inc. has also recently been importing Moroccan rock (GM May 7, p. 1) to supplement its problematic production at Kapuskasing, Ont. Sources noted that with high DAP prices the Moroccans are well aware of the value of their product, and that prices in the second half of 2007 will likely see a boost.
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