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India's latest urea tender secured only about 430,000 tons against a two-million-ton goal because suppliers refused its low bids. StoneX's Josh Linville says sellers now have the advantage in a market with tighter supply and geopolitical risk.
India is also exploring long-term contracts.
A failed Indian tender signals that sellers will hold firm on price, which supports urea and ammonia values into the spring season. Buyers should expect fewer discounts.
stonex.comJosh LinvilleNov 5, 2025Not enough comparable past events yet for a historical read.
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.
