Nutrien Ltd. has announced a potash fill program for third-quarter supply. It includes Midwest terminal reference prices of $290/st FOB and NOLA barge of $265/st.
The order time is from Tuesday, June 18, through to close of business Thursday, June 27, for delivery by Sept. 30. Buyers must be able to receive product by Sept. 30 to qualify. All orders received after June 27 will be priced up $25/st for delivery Oct. 1 forward.
Any orders received for prompt application will remain at spring season prices.
Nutrien said it has tight allocation of supply for the third quarter following its summer mine shutdowns and will close the order book early if it reaches targets earlier than June 27.
The Mosaic Co. said June 18 that it will close its idled Plant City phosphates manufacturing facility in Hillsborough County, Fla. The plant was idled in late 2017 because it was one of the higher cost phosphates facilities in Mosaic’s Florida Operations and due to global phosphate market conditions. “Our decision to close the Plant City phosphate facility reaffirms our commitment to low-cost operation,” said Mosaic President and CEO Joc O’Rourke. During the second quarter, Mosaic expects to recognize a notable non-cash charge of up to $390 million for the permanent closure of the facility, including asset write-offs and an increase of the asset retirement obligation liability.
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