All Posts from July 11, 2012

Companies extend contract

Mississippi Phosphates Corp. (MPC), a wholly owned subsidiary of Phosphate Holdings Inc. on July 10 announced that it and Morocco’s OCP S.A. (OCP) have agreed to extend the term of their agreement for the purchase and sale of phosphate rock dated Aug. 27, 2009, through Dec. 31, 2012. The agreement was scheduled to expire on June 30, 2012. During the six-month extension, MPC intends to enter into discussions with OCP relating to the terms and conditions of a potential longer-term arrangement for the supply of phosphate rock to MPC’s Pascagoula, Miss., plant.

Agrium potash postings clarified

Agrium Inc. announced new potash postings, effective July 1, 2012, which are subject to change without notice. An earlier posting erroneously stated the prices were effective through Dec. 31, 2012.

The company’s postings FOB Vade, Saskatchewan, moved to $480/st for standard and $485/st for premium. Warehouse postings for red premium potash moved to $505/st FOB in North Dakota; $510/st FOB in Illinois, Indiana, Kentucky, Iowa, Michigan, Ohio, Minnesota, Missouri, and Nebraska; $517/st FOB Lynchburg, Va.; and $520/st FOB in Georgia and Florida.

Agrium’s postings for rail-delivered red premium potash moved on July 1 to $520/st in Indiana, Ohio, Michigan, Illinois, Iowa, Missouri, Nebraska, Kansas, Oklahoma, Colorado, Minnesota, Wisconsin, and the Dakotas; and $530/st in Alabama, Georgia, Florida, Virginia, the Carolinas, Massachusetts, Connecticut, Rhode Island, Maine, Vermont, New Hampshire, Kentucky, Tennessee, Delaware, Maryland, New Jersey, New York, Pennsylvania, and West Virginia.

In the Pacific Northwest, Agrium’s potash postings moved on July 1 to $530/st FOB and $540/st rail-DEL in Southern Idaho, Utah, and Oregon’s Malheur County; $535/st FOB and $545/st rail-DEL in Washington, the Idaho panhandle, and Oregon excluding Malheur County and the Willamette Valley; and $540/st FOB and $550/st rail-DEL in Oregon’s Willamette Valley.