US Gulf:
The NOLA potash market remained at $340-$345/st FOB for the last reported business, unchanged from last week, with sources expressing concern about the impact of low river levels on barge movements.
Potash was unchanged at $385-$400/st FOB in the Eastern Cornbelt, with the high out of inland warehouses and the low at river terminals. The Cincinnati market was pegged at $385-$395/st FOB in late September.
Potash was quoted at $370-$395/st FOB in the Western Cornbelt, with low confirmed at St. Louis and the high in Iowa.
California:
The potash market was quoted at $510-$533/st FOB or DEL in California, up from the previous $495-$503/st range, depending on grade.
Pacific Northwest:
Potash was steady at $465-$488/st FOB or DEL in Pacific Northwest, with the high reflecting reference pricing for 62% MOP. The latest postings from Intrepid FOB Moab and Wendover, Utah, include $440/st FOB for 60% white granular and $435/st FOB for 60% white standard.
Western Canada:
Potash truck pricing in Western Canada remained at C$545-$555/mt FOB Saskatchewan mines for September-December shipment, depending on grade.
India:
Rumors that subsidy support for potash and phosphates might be reduced are circulating in the market. So far there has been no confirmation from the government that such a plan is even being considered.
Potash imports firmed slightly in January-July, Trade Data Monitor reported, to 1.8 million mt from the year-ago 1.7 million mt. Russia accounted for 23% of the market with 410,000 mt after sending no potash to India during the same period of 2022.
July imports were pegged at 334,000 mt, up 24% from 235,000 mt received in July 2022. Canada led suppliers with 147,000 mt, followed by 94,000 mt from Russia.
Brazil:
Brazil potash declined for a second consecutive week. The landed price slipped to $340-$350/mt CFR, off $10/mt from the week-ago top, with multiple reports indicating product available on a formula basis from a variety of origins.
Rondonopolis prices were also down, narrowing to $480-$485/mt FOB ex-warehouse from the week-ago $485-$495/mt FOB. The market could still fall further considering the current import price.