09 July 2008 01:08 [Source: ICIS news]
Filed after the close of trading on the New York Stock Exchange, the memo also claims ammonia prices bottomed out at $515/tonne (€330/tonne) Tampa CFR (cost and freight) and “appear headed back to more than $600 per tonne due to the surge in urea prices”.
Prilled urea was trading at $725-$740/short tonne FOB (free on board), up from $665-$670 four weeks ago.
Granular urea was trading at $725-$745/short tonne FOB, up from $660-$668/short tonne four weeks ago, according to data from global chemical market intelligence service ICIS pricing.
Ammonia is currently trading at $585/tonne CFR Tampa, up from $510/tonne four weeks ago.
Ammonia is also currently trading at $500-$520/short ton FOB ?xml:namespace>
The fertilizer company also said that high food prices would create further incentive for farmers to produce more, which would in turn “keep phosphate demand growing at the higher rates of the past four years”.
Mosaic, based in
($1 = €0.64)
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