Harvesting of winter grain crops continues in Australia, with about 20% of the total area already processed. In the week to October 15, 67,862 t of grain were delivered to the Viterra network; the company has already received a total of 76,925 t.
Weather concerns in Brazil have become an important pricing factor. The south of the country is receiving a lot of rain, while the north is facing a prolonged period of drought and heat, indicating the El Niño weather phenomenon.
Quotes for U.S. soybeans have increased due to strong domestic and importers’ demand.
The global phosphate fertilizer market remains nearly unchanged. Demand is low in Latin America, with quotes stable in most cases. MAP 11:52 is offered at $550/t C&F Brazil and $590-600/t C&F Argentina.
Earlier this week, Egyptian producers were offering granular urea at $420/t FOB. Fertiglobe sold 50,000 t of the fertilizer to EFC at $405/t FOB and 6,000 t at $400/t FOB. MOPCO sold 6,000 t of urea and a 10,000 t stem at $400/t FOB.
Prices for Ukrainian sunflower oil have inched up despite low importers’ activity and large number of offers. Exporters are voicing quotes at $860-870/t CIF Mersin, while buyers are ready to pay at best $800-840/t.
Export quotes for Egyptian urea have dropped this week. AlexFert has sold 6,000 t of the fertilizer at $420/t FOB for shipment in October.
Trade has been slow in the segment for Chinese phosphates. Small lots of DAP are being exported under previously concluded contracts, but no new deals have been reported. Prices are voiced within $571.5-600/t FOB China.
Though prices for imported iron ore were fluctuating in China, the week has ended with decreased quotes for Australian raw material and higher value of the Brazilian origin.
Quotes for imported thermal coal have inched up in Western Europe, although players do not see any trade upturn. No deals have been signed over the week.