US: April potash imports flat but re-exports down

摘要

The US imported 1.0 million mt of potash in April, largely flat year on year, bringing its year-to-date imports to 4.3 million mt, 24% higher than the same point in 2014, according to GTIS data. Canadian producers sent 922,000 mt to the US in April, with 237,000 mt re-exported through Portland as part of the Canpotex agreement between PotashCorp, Agrium and Mosaic. Despite imports being flat in April, re-exports fell 10% adding high competition and excess supply to the US market.