PhosAgro has sold 10,000 mt of DAP into NOLA at a barge price of $275/st FOB, for arrival second-half February. Other players are more bearish, however, reporting sales into March at $265/st FOB. The Green Markets NOLA DAP price in the Jan. 10 issue was $247-$265/st FOB.
Cronus Fertilizer, Tuscola, Ill., which is planning a new 2,300 mt/d ammonia project for Illinois, announced Jan. 13 that Titan Chemicals Holding, an entity controlled by Keyman Avunduk Investment Co. AG (KAIC) has become the majority shareholder of the project. Melih Keyman is founder of KAIC, and is also the founder, President and CEO of long-time industry player Keytrade AG.
Jordan Phosphate Mines Co. (JPMC), Amman, and India’s Metals and Minerals Trading Corp. (MMTC), on Jan. 12 inked a Memorandum of Understanding (MoU) to sell phosphate rock, fertilizer and phosphoric acid to India, according to Jordan’s Petra news agency.
Under the MoU, JPMC will provide the Indian company with 450,000 mt each of phosphate rock and fertilizer annually, as well as 300,000 mt of phosphoric acid annually, according to the report, citing JPMC’s CEO Abdel Wahab Al-Ruwad and MMTC’s Chairman Ved Prakash. The memorandum’s timeframe is not reported.
