Riga Freeport cargo turnover in November
The Freeport of Riga processed almost 2.2 million tonnes of cargo in November, that is 412,000 t above the volume recorded in October.
The Freeport of Riga processed almost 2.2 million tonnes of cargo in November, that is 412,000 t above the volume recorded in October.
The cargo turnover decreased by 49,000 t to 641,000 t in Liepaja SEZ in November compared with October.
One of the Middle Eastern producers signed the deal for the supply of 40,000 t of granular urea with shipment in late December at $490/t FOB Middle East. Thus, since last week, the estimated fertilizer price for non-US markets has dropped by $59/t on average in Middle Eastern ports.
The Indian phosphorous fertilizer market is still showing higher activity than those in other regions: local importers continue to buy DAP, but at a lower price (following government recommendations), which does not exceed $730/t CFR India.