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Urea prices rose ahead of price discovery on India's tender, which drew 2.66 million tonnes of offers against a target of 1.5 million tonnes. Offers east of Suez reached USD 415/tonne FOB, and potash climbed after a Belarusian producer shut production temporarily.
Strong Indian tender demand and offers near USD 405-415/tonne support higher urea prices in the export market. The Belarusian potash outage tightens supply and lifts potash prices.
czapp.comStein Chingen HauganJan 27, 2025After 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.
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.
Prices rose ahead of India tender price discovery, with east-of-Suez offers reaching $415/t FOB, so this was a pre-move that built momentum.
