Deal struck on Tampa NH3, urea shoots up
Major players have concluded new business for March, at a firm $400/mt CFR, which was the low done by Mosaic from Saudi Arabia for February.
In the meantime, spurred on by good weather, heavy movement and news that the Agrium Carseland plant will be down for up to eight weeks, NOLA urea prices have shot up. Sources were claiming the prompt market had traded as high as $450-$460/st FOB as this alert went to press.