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Show Texasgulf Raises Phosphates, Potash Price Texasgulf Inc. announced announ-ced that effective Nov. 1 domestic list prices for its phosphate and potash fertilizer materials will be increased to levels comparable with prices in the export market. The increases are consistent with the Cost of Living Council's objective in removing re-moving price controls from the fertilizer industry in-dustry on October 25. Prices for phosphate fertilizer materials in world markets have been $25 per ton or more above domestic prices. It is expected ex-pected that the higher prices will help to relieve re-lieve the shortage of domestic do-mestic fertilizer materials mater-ials and stabilize food prices by increasing crop output in 1974. Production capacity of Texasgulf's phosphate fertilizer materials complex com-plex at Lee Creek, North Carolina is currently being expanded bv 50 per cent from 340,000 tons per year of P205 (the basic unit of measurement measure-ment of phosphoric acid production) to 510.000 tons. Construction of the third train of sulphuric acid and phosphoric acid plants will be completed late this year and the new plants are scheduled to reach full production by the end of the first quarter of 1974. Texasgulf Texas-gulf will then be the fourth largest domestic producer produ-cer of phosphate fertilizer fertili-zer materials which include in-clude phosphoric acid, diammonium phosphate, granular triple super- ; phosphate and run-of-pile ; triple superphosphate. ; Anticipating the still '. growing fertilizer de- mand, a continuing ex- j pansion of the Lee Creek ; facilities is under way ; to increase production : capacity in stages to 680,000 tons of P205 by late 1975 and eventually to more than 1,000,000 tons of P205 per year. Texasgulf produces potash by solution mining at its Cane Creek mine near Moab, Utah. The company also has a 40 per cent interest in the Allan Potash Mines near Saskatoon, Saskatchewan, Canada. The company said the effect of the higher prices will be relatively small in 1973. It is estimated that the higher prices and increased production will add more than $30 million mil-lion to gross sales in 1974. |