A report early this morning indicating that IFFCO has supposedly agreed to purchase ~425,000t of RP at US$152.50/t February delivery.
I'll see if I can get more info from BSC.
Analysts are upgrading the P side of MOS & Agrium's business, with expected growth in margins which generally means input and sale prices are increasing (b/c GM%).
We're not going to see RP at US$450/t again for a long time, but we will see ~ US$180/t before the 2HCY10.
rock phosphate rises to $110 us fob morrocco, page-25
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