Lots of interest at phosphate auction

There is a lot of interest in phosphate rights from a seizure. These are currently up for auction in a public foreclosure auction, running from April 30 to May 11. Until now, the prices are in line with the market. 

Jacob Sieperda, leave on behalf of auction agency Fosfaatrecht.nu, know that a lot is offered by the various parties. The first lots have been traded for approximately €181 per right. This is also the level at which the DCA listing phosphate rights this week. According to Sieperda, the prices can therefore be called 'market conform'.

1 week to go
Sieperda also states that 1 party has already bought several lots. Of the 4.117 kilos of rights (net purchase), approximately 1.500 kilos have now been traded. The remaining volume will be traded in 10 lots in the coming days.

Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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