Short term N remains firm/ Agrium expands

Global Nitrogen remainded suprisingly somewhat firm. US prices generally rose $10/mt last week. US gulf prices are now higher than the same time in 2016, with Urea at about $220/MT. Middle east product is over $220/mt for some origins. Phosphate market was slow last week, with US gulf prices remain around $350/mt. FOB prices Morroco and Asia are similar to US gulf pricing.

Agrium/CPS has purchased 20 retail units from Southern states coop located in Florida and Georgia. CPS operates over 1200 retail units.

rossg@fertacloud.com

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