Pricing Notations

Pricing Notations

PRICE QUOTES DO NOT REFLECT ACTUAL TRANSACTIONS, BUT REPRESENT CURRENT MARKET CONDITIONS AS PERCEIVED BY SELECTED BUYERS AND SELLERS.

Unless otherwise indicated, prices are based on large transactions, involving truckloads or larger volumes. All prices are net of discounts for volume, cash, or prompt payment, if such are offered.

Price spreads can be attributed to localized price differences or differing sizes of purchase.

All prices are listed in U.S. dollars, on a spot, FOB basis at the producer’s plant gate, terminal, or pipeline point unless otherwise indicated with the following:

CFR: include transportation to the destination port.

DEL: Delivered prices include transportation costs to the retail dealer’s premises or the nearest accessible railhead.

CIF: the seller arranges for carriage of goods to destination.

FCA: the seller fulfills his obligation when goods are handed over and cleared for export into the charge of the carrier.

c: Contract price.

mt: Metric ton.

lt: Long ton.

NA: Prices not available or obtainable in the reporting period.

CNY: Chinese yuan.

CAD: Canadian dollar.

EURO: Currency of the Eurozone.

Retail: Retail prices. These quotes do not reflect actual transactions, but rather market conditions as perceived by selected dealers.

BPL: Bone phosphate of lime.

Regional definitions are:

Cornbelt: Ohio, Indiana, Illinois, Iowa, Missouri, Nebraska

Eastern Cornbelt: Ohio, Indiana, Illinois

Western Cornbelt: Iowa, Missouri, Nebraska

Southern Plains: W. Texas, Oklahoma, Kansas, E. New Mexico, E. Colorado

South Central: Alabama, Mississippi, Kentucky, Tennessee, Arkansas, Louisiana, E. Texas

Southeast: Florida, Georgia, South Carolina, North Carolina, Virginia

Northeast: Maryland, Delaware, Pennsylvania, New Jersey, New York, New England

Northern Plains: Minnesota, North Dakota, South Dakota

Great Lakes: Michigan, Wisconsin

Pacific Northwest: Washington, Oregon, Idaho, Montana

Western Canada: Manitoba, Saskatchewan, Alberta, British Columbia

Eastern Canada: Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island

Northwest Europe: Amsterdam, Belgium, Northwest Germany, Northwest France

Commodity Notations:

All urea prices are granular unless indicated as prill, or a bulk which is both prill and granular.

U.S. UAN prices are quoted on the basis of nutrient units; to convert to short ton, multiply the nutrient value (e.g., 28, 30, or 32) by the price shown. Where nutrient value is indicated, prices are per ton.

U.S. Phos. Acid prices are quoted on the basis of nutrient units; to convert to short ton, multiply the nutrient value (e.g., 54 for MGA, 68 for SPA) by the price shown.

Recovered Tampa, New Orleans, and Houston prices are for 2nd quarter.

Green Markets Weekly U.S. Fertilizer Price Index Notation

The Green Markets Weekly U.S. Fertilizer Price Index is constructed using the fertilizer benchmark prices of US Gulf Coast Urea, US Cornbelt Potash and NOLA Barge DAP. The index is value weighted based on the annual global demand of each nutrient. For current year pricing we use fertilizer demand forecasts from the Green Markets Research. The index has a starting date of January 7, 2002 and an associated starting value of 100. The index is updated on a weekly basis at the time of publication ofGreen Markets. The index provides a snapshot of how North American fertilizer prices are trending over time.

Disclaimer of Warranty

All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others,Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.

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