Long-time industry
veteran G. David Delaney was named the CEO of Itafos, Toronto, effective Nov.
30. He succeeds Dr. Mhamed Ibnabdeljalil who served as CEO since May 16, 2019.
Delaney was already
on the Itafos Board of Directors and will retain that seat. He has over 30
years in leadership roles within the fertilizer and agricultural sectors,
including a long stint at Potash Corp. of Saskatchewan Inc. (now Nutrien). He
was most recently with Farmer’s Business
Network Inc. and Paine & Partners LLC.
The December 1 MMTC urea tender showed a marked increase in prices and a drop in the tonnage offered. The East Coast low came from Swiss Singapore at $286.50/mt CFR. The lowest West Coast price was from Dreymoor at $284.70/mt CFR. Only two producers offered tonnage directly, with PIC at the lower price of $282/mt FOB. These levels show an increase from the last tender when the landed price centered on $279/mt CFR for both coasts and $274/mt FOB from producers. Total tonnage offered was 2.3 million mt, compared to 3.6 million in the last tender. Within hours of opening the tender, MMTC accepted the low CFR and FOB prices, counterbidding at those levels.
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