@JLinvilleFert 18 vessels left the Strait today, none entered. Vessels won't return until; mines are cleared, shipping returns to normal and insurance companies will insure the ships and their contents. India should buy every ton they can.
@JLinvilleFert As long as there is this large of a disparity between NOLA prices and what India will pay, I suspect very little will make it up the Mississippi. Trading houses will arbitrage the price differance
@JLinvilleFert As long as NOLA is at a steep discount there is little reason for foreign producers to send product here, and a certainly induces domestic producers to export tons for more attractive pricing.
@JLinvilleFert All 2.5M tons does is fill the hole left from the last tenders Force Majauer commitments that went unfilled, and the loss of domestic production for the past month
Indian Potash Limited has announced an import tender for 1.5 million tonnes of #urea for the west coast and 1 million tonnes for the east coast by 14 June.
The tender closes on 15 April.
Urea prices have spiralled as fertilizer imports from middle have been shut #StraitOfHormuz
@JLinvilleFert@steffensenry25@_TheMizzouTiger@NationalCorn Our production capacity is balanced with consumption as you state, but that doesn't account for our exports; over 900k tons of Urea in '24 and 1.28M tons of NH3 in '25. These significantly higher Int'l prices encourage exports.
@mazemoore I’m sorry he’s miserable, he should try making the same living in Russia or anywhere else, just not here where he was provided the opportunity.
QATARENERGY CEO TELLS REUTERS: TWO OUT OF 14 OF OUR LNG TRAINS AND ONE OUT OF TWO OF OUR GAS-TO-LIQUIDS (GTL) FACILITY WERE DAMAGED IN THE ATTACKS
WE WILL BE LOSING 12.8 MILLION TONS PER YEAR OF LNG FOR THREE TO FIVE YEARS, AROUND 17% OF QATAR’S EXPORT LNG
WE MAY HAVE TO DECLARE FORCE MAJEURE ON LONG-TERM CONTRACTS FOR UP TO FIVE YEARS FOR LNG SUPPLIES TO ITALY, BELGIUM, KOREA AND CHINA
@SoybeansRus The issue is more where it is produced. Very few want an ammonia plant built today in their backyard, but they want local prices and availability. Farmers have to be willing to support local production and commit to purchasing product.
@SoybeansRus We see plenty of imports. Nitrogen fertilizers are no different than crude oil, or copper; it is traded globally and the only differences are shipping costs. US Nitrogen prices are some of the least expensive globally, which is why you see CF exporting many tons.