U.S. Gulf: Most continued to call recent business within the $345-$350/st FOB range, with some speculating that if you really wanted to buy product you could pull it in the $330s/st FOB.
Eastern Cornbelt: The potash market was steady at $390-$400/st FOB regional warehouses in the Eastern Cornbelt.
Western Cornbelt: Potash pricing continued to slide in the Western Cornbelt, with sources quoting the dealer market at $380-$395/st FOB in the region. The low end of the range was confirmed in Missouri on a spot basis, while an Iowa contact pegged the common dealer market at $390-$395/st FOB in his trade area last week.
Southern Plains: Sources said potash prices had fallen to $385-$390/st FOB regional warehouses. Reference prices FOB Carlsbad, N.M., included $395/st FOB for 60 percent standard, $400/st FOB for 62 percent standard and 60 percent granular, and $407/st FOB for 62 percent granular.
South Central: Potash pricing continued to slip in the South Central region, with sources quoting the regional warehouse market at $380-$385/st FOB last week, down another $10/st from last report.
Southeast: The potash market was quoted at $390/st FOB and $400/st rail-DEL in the Southeast, down roughly $10/st from last report.
India: MMTC called a tender for 155,000 mt of MOP to close Oct. 3. The tender calls for 55,000 mt on a firm basis with an option of another 100,000 mt in 25,000-30,000 mt lots. Shipment is to be spread out between October 2013 and March 2014.
Sources say this tender is like others MMTC has held for MOP in the past. The buying house is looking to see how the market reacts to the tender. In the past MMTC has not taken tons under the MOP tenders.