Nutrien Ltd. announced late on Nov. 12 that its Midwest terminal dealer reference prices for potash are moving to $285-$290/st FOB, and its NOLA barge price to $255/st FOB. The Midwest change reflects a $20/st increase from Nutrien’s Oct. 26 postings, and a $50/st increase from summer fill levels.
“Nutrien is getting close to fully committed on potash orders for the rest of the year, and on this basis announces a $20/st price increase effective immediately for all new orders and not guaranteed for delivery before Dec. 15,” the company said. “Nutrien has been overwhelmed by fall season demand, with all customers exceeding their forecasts.”