U.S. Gulf:
Players reported firming values on the week’s TSP barge market, describing pricing in the $730-$746/st FOB range, above $725-$740/st FOB in the prior report.
Eastern Cornbelt:
TSP pricing remained in a broad range at $775-$810/st FOB Cincinnati for the last confirmed offers.
Bangladesh:
The Ministry of Agriculture issued letters of intent to buy 270,500 mt of TSP from its June 9 tender.
| Offering Company | Quantity (mt) | US$/mt CFR bagged |
| Batayon Traders | 15,000 | 1,032.00 |
| ARL Traders | 15,000 | 1,035.00 |
| Six Seasons Traders | 30,000 | 1,038.00 |
| Akon Enterprise | 30,000 | 1,038.00 |
| Appolo Trade Inter. | 30,000 | 1,039.00 |
| Rafna Enterprise | 30,000 | 1,043.00 |
| Millennium Enterprise | 20,500 | 1,043.00 |
| Desh Trading | 30,000 | 1,043.00 |
| Bulk Trade Inter. | 15,000 | 1,043.00 |
| Mosharof & Bros. | 25,000 | 1,045.00 |
| Fiyaz Trade | 30,000 | 1,045.00 |
Sources said they expect to see mostly Moroccan material delivered. Reportedly, Chinese TSP is banned in Bangladesh after some issues with quality in the past. This left Morocco and a couple of other North African suppliers an opening to dominate the Bangladesh market.
Reportedly, Morocco has stepped up TSP production in an effort to save its ammonia reserves for DAP and MAP production to its major customers. The resulting increase in TSP production is a boon for Bangladesh.