Indian fertiliser demand remains strong, plans for Iranian projects take shape: ICIS
6 Dec, 2013, 1401 hrs IST, ET Bureau
...On the potash front, Indian imports picked up in November, as suppliers have resumed shipments to India after agreeing to give buyers discounts of over $50/tonne.Prices fell to around $375/tonne CFR from the $427/tonne CFR agreed earlier for the current fiscal year.
On a monthly basis, Russian producer Uralkali's muriate of potash (MOP) shipments to India in November are understood to be at 90,000-95,000 tonnes for November, while Canada's Canpotex shipped 115,000 tonnes of MOP. Other suppliers such as Israel Chemicals Ltd (ICL), Arab Potash Co ( APC) and K+S Potash Canada also shipped contract cargoes to India during the month.
MOP imports nearly doubled to 322,010 tonnes in October from 166,580 tonnes a month ago, according to the Fertilizer Association of India (FAI). The increase came after shipments came to a near halt in August and September, following the Belarusian Potash Co (BPC) split. Sales for direct applications were, however, down by 27.5% in October, compared with 193,000 tonnes in the previous month. ..
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