# Delayed Indian Tender pauses prices.

> Urea prices in South Africa eased in the week to 24 October, with granular urea down 0.2% week on week. Market sentiment turned negative after the Indian urea tender was delayed until at least the first week of November because of the Diwali holiday. Analysts note that Indian demand remains and the tender should still go ahead.

- Date: 2024-10-25 · published 2024-10-25T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/27789-delayed-indian-tender-pauses-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A delayed Indian tender removes near-term demand and has reversed recent urea gains, so prices may stay soft until the tender is issued and awarded.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-10-31 | 1 | -3.0% | -6.7 | The Indian tender delay until at least early November turned market sentiment negative and softened urea prices, consistent with continued downward pressure into end-October. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-02-24 | [Urea Prices Stall Amid Delayed India Tender \| CZ app](https://feedsoft.ai/events/7457-urea-prices-stall-amid-delayed-india-tender-cz-app.md) | -0.3% | -4.4% |
| UREA | 2024-03-30 | [Indian Tender pushes Urea prices down.](https://feedsoft.ai/events/5304-indian-tender-pushes-urea-prices-down.md) | -13.2% | -18.2% |
| UREA | 2024-10-28 | [Urea Prices Dip After India Tender Delay \| CZ app](https://feedsoft.ai/events/5407-urea-prices-dip-after-india-tender-delay-cz-app.md) | -3.6% | -5.5% |
| UREA | 2024-11-11 | [India Tender Pushes Urea Prices Lower \| CZ app](https://feedsoft.ai/events/27320-india-tender-pushes-urea-prices-lower-cz-app.md) | +0.5% | +1.3% |
| UREA | 2023-10-27 | [Indian tender pushes urea prices down; Phosphates and Potash prices unmoved.](https://feedsoft.ai/events/33539-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved.md) | -4.8% | -8.8% |

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/11099-delayed-indian-tender-pauses-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.