# Urea: Indian purchasing tender offers silver lining to producers

> India's National Fertilizers Limited issued a tender for urea shipments through 29 February, closing 4 January. Latin American demand was weak and Brazilian buyers had been hit by poor weather, with cfr values at best stable and Turkish business concluded around $340/t cfr.

- Date: 2023-12-21 · published 2023-12-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/33020-urea-indian-purchasing-tender-offers-silver-lining-to-producers
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A sizeable Indian import tender adds buying interest at a time of light offseason demand in the US, Europe and Brazil, which should help firm urea prices into early 2024.

## 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 | 2024-09-03 | [Directionless global urea market awaits outcome of latest Indian purchasing tender](https://feedsoft.ai/events/28636-directionless-global-urea-market-awaits-outcome-of-latest-indian-purchasing.md) | +1.7% | +2.5% |
| UREA | 2025-02-21 | [Producers needing to purchase urea fertilizer for spring use are looking at a steadily increasing cost  - SaskAgToday.com](https://feedsoft.ai/events/26370-producers-needing-to-purchase-urea-fertilizer-for-spring-use-are-looking-at-a.md) | -0.5% | -4.7% |
| 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% |
| UREA | 2024-06-28 | [Upcoming India Urea Tender Provides Price Support \| CZ app](https://feedsoft.ai/events/29671-upcoming-india-urea-tender-provides-price-support-cz-app.md) | -2.1% | -0.5% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-indian-purchasing-tender-offers-silver-lining-to-producers

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