29 July 2008 21:59 [Source: ICIS news]
CEO Jim Prokopanko, speaking a day after the company unveiled record earnings, said high prices were not leading to demand destruction for phosphate.
“We’re selling it as fast as we can produce it, and where prices go from here - with a strong market, you can draw your own conclusions,” Prokopanko said during an earnings conference call.
Diammonium phosphate was trading at $1,190.49/tonne (€750.00) FOB (free on board) NOLA (?xml:namespace>
While fertilizer demand remains firm, Prokopanko said the recent increases in sulphur prices were “a temporary phenomenon”.
“We’re confident we’re going to see much lower sulphur prices in the next couple quarters,” Prokopanko said.
($1 = €0.63)
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