US Tampa ammonia price decreases 15% for January

15 December 2011 17:03  [Source: ICIS news]

HOUSTON (ICIS)--The contract price of benchmark US Tampa ammonia for all January shipments decreased 15% from December, a source close to the negotiations said on Thursday.

The settlement between Yara and its customers brings the contract to $555/tonne (€427/tonne) CFR (cost and freight), down $95/tonne from the $650/tonne December price.

The Tampa price has responded to recent $9095/tonne decreases in the price of ammonia in the Middle East and Ukraine.

The decreased ammonia price should provide additional encouragement to US corn and wheat growers to use more anhydrous ammonia and other nitrogen fertilizers for their 2012 crops, a source said.

US farmers are projected to plant 92m94m acres of corn in 2012, possibly surpassing the 93m-acre record set in 2007.

($1 = €0.77)

By: Frank Zaworski
+1 713 525 2653

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