
National Fertilizers' Indian urea import tender drew its lowest offer from Koch Fertilizers at $424.80/t for West Coast delivery and $426.80/t for East Coast. The tender covers 1.5 million tonnes on behalf of the Indian government.
Some bids reached as high as $523/t.
A large Indian import tender sets a firm global urea benchmark, and India's 120% rise in urea imports shows strong demand. This supports international urea prices and raises input costs for exporters' customers.
After 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.
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.