Loading…
India's IPL secured just over 1 million tonnes in its urea import tender at USD 362/tonne CFR, with supply to western India scheduled by December 25. Some product may come from sanctioned Iran, and Egyptian producers' sales rose to USD 350-366/tonne FOB after the tender.
Securing a large tender at USD 362 CFR stabilizes urea pricing and sets a firmer floor for nitrogen costs, supporting input prices for corn growers.
czapp.comStein Chingen HauganNov 17, 2024After 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.
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.
