U.S. Gulf:
New NOLA potash barge business was pegged in the $675-$695/st FOB range, down from the week-ago $685-$705/st FOB.
U.S. Imports:
MOP imports were down 9.7% in June, to 1.02 million st from 1.13 million st in June 2021. July-June imports were off 5.5%, at 13.49 million st compared to 14.27 million st for the prior year.
Canadian imports for the full fertilizer year stood at 11.74 million st. Tons sent from Russia were reported at 737,615 st, off 50.1% from the year-ago 1.48 million st. Despite sending zero new cargoes to the US since February, material originating from Belarus totaled 565,355 st, down 20.8% from the prior year’s 713,953 st.
U.S. Exports:
Potash exports for July-June firmed 45.6%, to 4.04 million st from 2.77 million st in the previous year. Totals were posted at 367,502 st for June, up 32.0% from 278,495 st in June 2021.
Eastern Cornbelt:
Potash pricing remained at $740-$760/st FOB in the Eastern Cornbelt, with both the high and low reported at Cincinnati. The Ottawa market was pegged at the $745/st FOB level at midweek.
Western Cornbelt:
Potash continued to be quoted at $720-$760/st FOB in the Western Cornbelt, with the upper end confirmed in the Iowa market. St. Louis potash prices was pegged at $720-$740/st FOB at midweek.
Southern Plains:
Potash pricing dropped to $730-$740/st FOB in the Southern Plains. The last official potash postings from Intrepid FOB Carlsbad, N.M., remained at $855/st for 60% white granular and $875/st FOB for 62% white standard.
South Central:
The potash market was reported at $745-$750/st FOB terminals in the South Central region.
Southeast:
The latest potash offers in the Southeast were confirmed at $760/st FOB Wilmington, with rail-DEL pricing in the $780-$790/st range.
Brazil:
An oversupply of MOP, with few buyers stepping up, has moved the landed price to $900-$930/mt CFR. Sources said the situation is expected to continue into September.There are reports that some cheaper product from Chile was being shopped around at $870/mt CFR, but no sales could be confirmed.
Rondonopolis prices softened to $1,010-$1,040/mt FOB ex-warehouse. Sources said buyers at the lower end of the range were looking for immediate delivery for the upcoming summer soybean crop. The buyers at the upper end were looking for later deliveries for their corn fields.
January-July imports of MOP were reported at 8.4 million mt by Trade Data Monitor. This is up about a third from the 6.3 million mt imported during the same period of 2021. Canada with 3 million mt and Russia with 2.3 million mt were the top two suppliers, and increased their sales to Brazil during the first seven months of the year. Third-place seller Belarus sent 976,000 mt to Brazil in 2022, down 32% from the 1.4 million mt sent during the same period in 2021.
July 2022 imports were reported at 1.9 million mt, up 19% from the 1.3 million mt imported during July 2021. Four countries – Canada, Russia, Israel, and Germany – accounted for 95% of the imports in July.
| Supplier | Quantity (mt) 2022 | % of Imports | Quantity (mt) 2021 | % Change 2021/2022 |
| Canada | 702,000 | 45 | 452,000 | 55 |
| Russia | 399,000 | 26 | 352,000 | 13 |
| Israel | 197,000 | 13 | 75,000 | 163 |
| Germany | 168,000 | 11 | 112,000 | 50 |