U.S. Imports:
July-August SOP imports firmed 520.7 percent year-over-year, to 45,249 st from 7,290 st. August imports moved up 925.3 percent, to 42,665 st from the year-ago 4,161 st.
U.S. Exports:
August exports were noted at 2,705 st, up 32.3 percent from the year-ago 2,045 st. Exports totaled 3,818 st in July-August, however, off 28.9 percent from the year-ago 5,367 st.
Southeast:
SOP pricing in the Florida market jumped to $750/st FOB for all grades, up $75/st from last report.
Iran:
Agricultural Support Services Co. (ASSC) has issued a tender for the supply of 2×40,000 mt of granular SOP. The tender closes on Oct. 11, and submissions will be opened the following day at 2:00 p.m. local time.
Iran has imported only 9,764 mt of SOP this year through August, according to Trade Data Monitor, down sharply from 44,554 during the same period in 2020. China remains the top supplier to Iran, but its share has been declining and is reflective of China’s reduced SOP exports.
Iran imported 3,695 mt of SOP from China during the first eight months of the year, accounting for 38 percent of total imports. Imports from China during the same period last year totaled 40,733 mt, or 91 percent of the total, according to Trade Data Monitor.
Germany, Italy, and Turkey accounted for much of the balance in the same periods. Egyptian SOP imports have been absent in Iran so far this year.