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India issued its first urea tender of 2025 for 1.5 million tonnes, with shipment spread into June. The announcement alone lowered urea prices by $7 to $12 per tonne.
Ammonium sulfate and nitrate prices were little changed, and world MAP prices had risen $25 to $30 per tonne since early March.
The tender's long two-plus month delivery window is pressuring urea prices lower, while rising phosphate prices raise the cost of DAP and MAP. Buyers of phosphate-based inputs should expect higher costs even as nitrogen eases.
wrightonthemarket.comWright Team30 mar 2025Tras 81 eventos bajista de comercio pasados, Urea se movió una mediana de -1,0 % en 5 sesiones (28% al alza; mitad central entre -7,2 % y +0,4 %), y -5,5 % en 20.
Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
India's first 2025 urea tender of 1.5 Mt marks the demand return that sets up price recovery, though the announcement initially lowered prices and the timing is a few days ahead of the move.
