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India bought 1.7 million tonnes of urea in its latest tender with little counter-negotiation, signaling ample global supply. Around one million tonnes are expected from China, mostly prilled product that Brazil cannot readily use.
Brazil's September to December import window is now the key test for global prices.
Granular sellers that lost the Indian outlet must place tonnes in Brazil, so the product mismatch could pressure urea prices in the coming months.
stonex.comEditorial TeamAug 19, 2026After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
