# Indian tender pushes urea prices down; Phosphates and Potash prices unmoved.

> A South African weekly fertilizer price report shows urea down 2.5% week-on-week after India's tender locked in about 1.6 million tons at $400/t delivered. Phosphate and potash prices were roughly flat.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/33539-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The Indian tender pulled the Middle East urea price into the mid-$380s, signaling softer nitrogen costs for buyers, while weak US demand and silent Brazilian and European markets cap the rally.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-11-11 | [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 | 2025-03-09 | [Urea Prices Decline as US Tariffs Impact Phosphate, Potash \| CZ app](https://feedsoft.ai/events/25925-urea-prices-decline-as-us-tariffs-impact-phosphate-potash-cz-app.md) | -0.1% | +4.0% |
| 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 | 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% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/10022-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved

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