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Bangladesh's state-owned BCIC issued an international tender for 25,000 metric tonnes of rock phosphate, scheduled for delivery in early March 2024 at Chittagong Port, with bids due 6 February 2024. The government also approved purchases of 60,000 tonnes of bulk granular urea from Fertiglobe and SABIC Agri-nutrients.
Sizeable state tenders add concentrated import demand for phosphate and urea, which supports firm pricing in these fertilizers for buyers in a tight market.
fertilizerdaily.comDmitry SavinskyDec 29, 2023Not enough comparable past events yet for a historical read.
After 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.
