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India has announced a new urea purchase tender for 1.5 million tons for shipment through March 31. Gulf urea values have risen from a December low near $350 per ton to as high as $465, and Midwest ammonia averages $695 versus $605 a year earlier.
A large Indian tender pulls urea supply toward India just as North American spring application begins, supporting global prices. Risks from the Strait of Hormuz add further upside pressure.
rfdtv.comTony St. JamesFeb 13, 2026After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
