MAP/DAP supply in N.A.United States International Trade Commission, Mar 11, 2021 — www.usitc.gov.
“ADM, Koch, and Heartland’s former CEO testified regarding Mosaic’s refusals to supply fertilizer. Numerous purchaser questionnaire responses confirm the prevalence of Mosaic’s unwillingness to supply. In total, 16 out of 28 purchasers reported experiencing supply constraints during the POI, with several noting specifically that Mosaic and other domestic producers refused, declined, or were unable to supply fertilizer products.”
Itafos:
100% of Conda’s MAP is sold through a long-term offtake agreement with Nutrien
- Current term through 12/31/23;
- Renewable by mutual agreement one year prior to end of term
- Pricing linked to DAP NOLA on an average three-month trailing basis
Upside opportunity for Itafos once contract expires
- Potential to negotiate new contract on more favorable terms
- Premium alternative with ramp up of MAP+ product line