CF Industries Holdings Inc. Senior Vice President Bert Frost confirmed on Twitter that the company launched a UAN fill program on July 29. No other details were reported and industry sources were unsure of prices and terms, but rumored levels included $175-$180/st FOB river terminals and $150/st FOB NOLA. Green Markets will release more details when they become available.”
Despite a wet second-quarter, LSB Industries Inc. reported increased income and revenues, citing increased fertilizer and industrial volumes, as well as higher fertilizer prices. Net income was $6.6 million on revenues of $121.5 million, up from a year-ago loss of $27.5 million and revenues of $103.2 million.
Two contract workers applying fertilizer to a sports field at a Houston high school July 29 were overcome by fertilizer fumes at their tanker truck and died, according to the Houston Fire Department. A third worker called 911. No further details were immediately available.
Australian Competition & Consumer Commission (ACCC) is seeking views on a proposed undertaking offered by Nutrien Ltd. in relation to its proposed acquisition of Ruralco, according to Bloomberg. The proposal seeks to address some of the preliminary competition concerns identified by ACCC in June. Under the proposal, Nutrien’s Landmark unit would divest three rural merchandise stores located in Broome, Alice Springs and Hughenden to a purchaser approved by the ACCC.
