# Directionless global urea market awaits outcome of latest Indian purchasing tender

> Lowest offers into National Fertilizers Limited's urea tender for October shipment came in around $340-350/t CFR, with 536,000 t offered. Middle East spot values were expected to consolidate in the mid-$320s/t FOB, and Russian prilled urea was expected to correct into the $280s/t FOB Baltic.

- Date: 2024-09-03 · published 2024-09-03T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/28636-directionless-global-urea-market-awaits-outcome-of-latest-indian-purchasing
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The Indian tender sets the global urea benchmark, so offers at these levels point to firm nitrogen pricing into the fourth quarter.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-09-06 | [Global urea producers hopeful pending Indian tender purchase will support market](https://feedsoft.ai/events/28224-global-urea-producers-hopeful-pending-indian-tender-purchase-will-support-market.md) | +0.2% | +6.6% |
| UREA | 2023-12-21 | [Urea: Indian purchasing tender offers silver lining to producers](https://feedsoft.ai/events/33020-urea-indian-purchasing-tender-offers-silver-lining-to-producers.md) | +0.8% | +1.8% |
| UREA | 2025-06-30 | [India Tender Supports Volatile Urea Market \| CZ app](https://feedsoft.ai/events/24144-india-tender-supports-volatile-urea-market-cz-app.md) | +7.9% | +11.8% |
| UREA | 2023-02-24 | [Long-awaited correction to Potash, while the Indian tender pauses the Urea price crash.](https://feedsoft.ai/events/5684-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price.md) | -1.3% | -3.2% |
| UREA | 2022-10-21 | [IPL India set to book 1.5m. tonnes following latest urea purchasing inquiry](https://feedsoft.ai/events/39460-ipl-india-set-to-book-1-5m-tonnes-following-latest-urea-purchasing-inquiry.md) | -2.5% | -13.0% |

## Sources

- profercy.com: https://www.profercy.com/insights/directionless-global-urea-market-awaits-outcome-of-latest-indian-purchasing-tender

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