US Tampa: Export price creeps down again

摘要

Mosaic reported 16,000 mt of DAP/MAP sales to Latin America this week. Half was sold at $463-465/mt FOB Tampa, while the balance was sold on a formula. Demand from Brazil remains a disappointment to global phosphate exporters. If Mosaic did not have long-term relationships to maintain with many Latin American buyers it likely would sell even less of its production to the export market.