Argus Media has announced that the Sri Lankan government has announced the maximum price that private-sector importers can pay for imported cargoes for the 1Q19.
Argus Media reported that "The government has reduced the ceiling price for imported urea to qualify for subsidy to US$326.90/t cfr with 180 days' credit, from $338/t previously. The price of TSP has been raised by US$3.74/t to US$317.74/t cfr, while the price of MOP has been increased from US$329/t to US$349/t cfr, including 180 days' credit."
Read the article online at: https://www.worldfertilizer.com/special-reports/07012019/1q19-fertilizer-prices-announcement-from-sri-lanka/
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The agreement includes a preliminary marketing plan that facilitates Gensource’s goal of creating a direct link between a potash producing facility in Saskatchewan, Canada, and the end user.
