The European Union officially announced that it will impose sanctions on Belarusian potash. Most manufacturers have given up offering products this week, awaiting further implementation of sanctions. At present, the market is still digesting these news and analyzing its potential impact on NPKs. But

The price of MAP in Brazil soars to US$700/ton CFRSince October 2011, the price of MAP in Brazil soared to US$700/ton CFR for the first time. The price of MAP reached a high of US$735/ton CFR this week. The price of Nola's MAP also hit a new high, with a market transaction price of US$660/short ton

BelgiumEarlier this week, OCP stated that its TSP price was US$600/ton FCA Ghent. However, according to the buyer, the offer was subsequently withdrawn. ICL has increased its TSP offer to US$620/ton CIF Amsterdam.BangladeshThe country of origin for the tender offer late last week has been confirmed,

This week, India announced to increase the fertilizer subsidies to boost sentiment in the global phosphate market. India has increased the subsidy with more than doubled for DAP and lowered its domestic selling price, alleviating the pressure on farmers, which will boost the import demand. At th

Most urea prices rose more than US$10 per ton this week. It seems that the US and European markets maybe will continue to buy urea in the third quarter to compete with the seasonally active Indian and Latin American markets. North African prices soared,in this week, the FOB price in Egypt rose from