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International urea prices declined as India had not yet announced a purchase tender, and spot sales were slow. Qatar Energy's tender drew bids of USD 415/t FOB, down USD 22/t, and Pupuk Indonesia sold at USD 399/t.
Potash prices were reported to be firming on curbed production and strong demand.
Urea prices are being pressured by the absence of Indian buying, which is the largest driver of global nitrogen demand. Buyers should expect lower nitrogen costs unless a large Indian tender lifts prices, while firmer potash could raise input costs later in the season.
czapp.comStein Chingen HauganMar 9, 2025After 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.
