Register and we will customize a solution that meets your exact needs. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis.
You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.Saudi Arabian phosphates producer Ma'aden has sold around 55,000t combined of DAP to two Indian importers at $720/t cfr for loading on one vessel in May.
Argus understands that the buyers are Indorama and Chambal.
The price is broadly in line with the sale of 45,000t of Jordanian DAP to Hindalco at $719.50/t cfr, and nets back to $708-709/t fob Ras al-Khair. It is up by $20/t from Ma'aden's last sales to India earlier this week.
Sao Paulo, 22 May (Argus) — Brazil's senate approved a bill that aims to standardize and, in some cases, speed up environmental licensing that the oil industry has blamed for slowing exploration projects . The bill, which the senate approved Wednesday in a 54 to-13 vote, aims to create national standards for environmental licensing, with the goal of simplifying the process for projects that have a limited environmental impact. The bill also aims to create a new type of environmental license for projects that are considered government priorities. These projects would be subject to a more simplified licensing process that would take one year at most. The creation of a new type of licensing for these projects would potentially facilitate oil exploration in the Amazon, the senate said. The change comes as state-controlled Petrobras pushes to begin offshore drilling in the environmentally sensitive Foz do Amazonas offshore basin . The bill would also exempt agricultural projects from obtaining environmental licensing but would continue to require farmers to obtain authorization to remove native vegetation. It also allows small- and medium-sized projects to self-declare their environmental commitments, without the need to have a proper license. Senator Eliziane Gama criticized that proposal, using the disaster in the Brumadinho dam — which burst in 2019 and was considered a medium-sized project — as an example. Brazilian energy think tank Instituto Acende called the bill an important milestone for Brazil, adding that if approved, it would "reduce legal uncertainty, administrative inefficiencies, and obstacles to sustainable development". Environmentalists slammed the proposal, with Observatorio do Clima calling it the "greatest attack on environmental legislation in four decades". The legislation would approve nearly all new projects without environmental impact studies, the group said. The bill will now return to the lower house because senators altered the original text. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
London, 22 May (Argus) — Indian importer Kribhco has bought 40,000t of DAP at around $738/t cfr from Saudi Arabian producer Ma'aden. The cargo will load in June and the price nets back to around $724/t fob Ras al-Khair. This follows Ma'aden's sale of 40,000t of DAP to another Indian importer at the same price, also for loading in June, reported earlier today . By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Brussels, 22 May (Argus) — The European Parliament today approved changes to the bloc's carbon border adjustment mechanism (CBAM) that are estimated to exempt 90pc of importers from the measure, linked to the EU emissions trading system (ETS), although a final legal text still needs to be agreed with EU member states. The parliament adopted by a large majority the European Commission's proposal, with a minor amendment to clarify that CBAM covers electricity importers but not power generated "entirely" in the European Economic Area (EEA) countries Iceland, Liechtenstein and Norway and imported to the EU. These countries are covered by the EU ETS. The adopted text also confirms the start date for CBAM certificate sales as 1 February 2027, pushed back from 2026 previously, to "address significant uncertainties related to the year 2026". Parliament said the new de minimis mass threshold of 50t would exempt 90pc of importers from the CBAM. The commission designed the changes to continue to cover the bulk of CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers. Most fertiliser imported to the EU is in the form of bulk shipments, which are well above 50t. Russia earlier this week launched a formal dispute procedure at the World Trade Organisation against CBAM as an "alleged export subsidy". By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Sydney, 21 May (Argus) — Around half of the growers in South Australia (SA) are using less fertilizer this season on the back of very dry weather conditions, according to a seeding intentions survey by Grain Producers South Australia (GPSA). The survey also showed seeding has been delayed, with 64pc of growers saying they had not started seeding by Anzac Day on 25 April, historically seen as the benchmark to have seeding completed or at least started. Urea imports into South Australia were 329,091t last year, according to data from the Australian Bureau of Statistics, breaching 300,000t for the first time since records began. Urea imports in the first quarter of this year were 54,220t, slightly lower than the same period of last year. Most of South Australia's urea imports occur in the second quarter of each year, with 201,763t arriving in that period last year. Projections from the Australian Bureau of Meteorology (BoM) show there is less than a 50pc chance of above-average rainfall in most regions of Australia in May-June . South and Western Australia have been particularly dry this season. "Growers are taking a conservative approach to fertilizer," said GPSA chief executive Brad Perry. A grain producer commented in the survey that "not only is the season tough but there is no let up on input costs either." A similar situation is unfolding in the state of Victoria, where the market remains slow and growers are concerned about getting seeds in the ground. Market participants said the lack of rainfall could impact top-dressing urea application and lower demand across the state by 5-20pc. Buy and sell side indications for local granular urea prices have diverged since the start of May, and transactions have become limited. Granular urea was last assessed at A$765-780/t fca Geelong (see graph) . The BoM is forecasting rainfall across southeastern Victoria, most of South Australia and the southeastern coast in June, which should boost demand for urea and prices. By Susannah Cornford and Tom Woodlock Granular urea fca Geelong (A$/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more