In Ukraine, farmers are purchasing phosphate fertilizers required for the fall application. The products are being mostly purchased in small stems. However, prices continue to decline. Dnipro Mineral Fertilizer Plant continues to produce NP 10:32 and NP 8:22.
In the second week of September, Egyptian producers have been offering granular urea at $460-470/t FOB, although the netback from prices in Europe has reached $410-445/t FOB. No signed deals have been reported.
Chinese suppliers have been granted DAP export quotas for Q4 2023 in the amount of 1.2 million t. However, restrictions on urea exports have recently been introduced, so market participants believe that they may also apply to phosphate. The government has reportedly suspended CIQ inspections (authorities that deal with quarantine and inspection of imported…… Read more »
Up to 557 wagons were reportedly heading to the Batiovo – Epereshke land border crossing point on September 18, of which 108 wagons were loaded with grain, 220 wagons with iron ore, 81 wagons with mineral fertilizers, and 32 containers.
As many as 1,866 wagons including 110 wagons with sunflower oil, 535 wagons with cakes, 612 wagons with ore and 182 containers were moving to the Izov station on September 13.
In Egypt, the granular urea market was showing increased consumer activity earlier this week. Producers were selling the fertilizer at $375-455/t FOB for shipments in September. In the mid-week, however, buyers have been showing less interest due to the rapid price increase to $460-470/t FOB.
In Latin America, demand for phosphates remains low, with prices for Russian and Moroccan-made MAP hovering within $530-540/t C&F Brazil.
Stevedores of the Riga Freeport processed 1.3 million tonnes of various types of cargo in August (down 92,000 t compared with July).
The Liepaja SEZ increased the cargo turnover by 10% month-on-month or by 45,000 t to 504,000 t in August.
After a three month decline, the Port of Klaipeda managed to increase the cargo turnover by 505,000 t to 3.5 million t in August. The Klaipeda State Seaport stepped up transshipment of goods by 332,000 t to 2.7 million t in August compared with July.