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Urea prices weakened after India's tender secured only about 900,000 tonnes against a requested 1.5 million tonnes. Phosphate prices reached USD 700 per tonne on tight supply, while ammonia fell on oversupply.
A short Indian tender softens near-term urea demand, though phosphate tightness keeps phosphate prices high, and buyers may see a possible market pullback if India returns to tendering in June.
czapp.comStein Chingen HauganApr 21, 2025Not enough comparable past events yet for a historical read.
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.
