# Urea: Market in stalemate post-IPL tender with Latam buyers yet to move

> Urea trade has been subdued since India's 8 July tender, which secured 433,500 t, mostly on the east coast at netbacks up to the high $340s/t FOB. Little firm inquiry followed, and Latin American buyers have held back. Producers are waiting for India's August tender and possible Pakistan and Nepal business, with China still absent from the export market.

- Date: 2024-07-19 · published 2024-07-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29603-urea-market-in-stalemate-post-ipl-tender-with-latam-buyers-yet-to-move
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Limited availability and buyer hesitation have kept global urea values roughly flat, so prices are unlikely to move much until a new tender or Latin American demand appears. Chinese export absence continues to limit supply.

## Read by commodity

- UREA: neutral

## Sources

- profercy.com: https://www.profercy.com/insights/urea-market-in-stalemate-post-ipl-tender-with-latam-buyers-yet-to-move

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