First Cargo of Ma’adan Phosphate Ships

It has been a long anticipated event and this past weekend the Ma’adan plant in Saudi Arabia loaded its first 25,000st phosphate cargo destined for India.  With production continuing to increase this is the first of many that will be headed to India and other key destinations in the coming month.  Even with this new production entering the market world phosphate markets are firm with US gulf taking a slight increase in price.