
India has issued a new tender for 2 million tons of urea, with shipments due by the end of October, and bids are expected around $470-$480 per ton CFR. An Indian Potash tender closed at $530-$532 per ton CFR, and Brazil's fertilizer imports hit a record 4.79 million tons in July.
China's urea exports rose 614% in July.
Large Chinese urea exports and expected low Indian tender prices point to falling urea prices, which lowers input costs for farmers. Strong Brazilian import demand partly offsets that pressure.
After 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.
Not 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.
China's urea exports rose 614% in July and India's tender bids were expected at $470-480 CFR, well below recent levels, so supply and price expectations were pushed lower.