# Urea: China’s comeback aids India in securing 1.76m. tonnes, undermining bull rally and raising doubts over Q4 support levels

> India's IPL secured about 1.76 million tonnes of urea in its latest import tender, with roughly 1.1 million tonnes committed from China for shipment by September 26. Chinese export controls have eased while domestic production runs at 175-177,000 t/day. Netbacks from India were around $373-375/t FOB.

- Date: 2023-08-18 · published 2023-08-18T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/34900-urea-china-s-comeback-aids-india-in-securing-1-76m-tonnes-undermining-bull
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Chinese export volumes weigh on international urea prices and cast doubt on fourth-quarter support, reducing nitrogen cost pressure on grain and feed production.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-01 | [Over 19 mln tonnes of Ukrainian foods exported under Black Sea Grain Initiative](https://feedsoft.ai/events/14417-over-19-mln-tonnes-of-ukrainian-foods-exported-under-black-sea-grain-initiative.md) | +1.2% | -4.9% |
| CORN | 2023-09-21 | [Asia rice: India’s export curbs stall trade; prices in other hubs decline - Markets - Business Recorder](https://feedsoft.ai/events/34185-asia-rice-india-s-export-curbs-stall-trade-prices-in-other-hubs-decline-markets.md) | -0.2% | +0.5% |
| CORN | 2021-04-25 | [The U.S.-China Phase 1 Trade Agreement— Purchases of goods and services by China continue to lag dramatically behind commitments - WITA](https://feedsoft.ai/events/47454-the-u-s-china-phase-1-trade-agreement-purchases-of-goods-and-services-by-china.md) | +13.6% | +6.9% |
| CORN | 2020-12-04 | [October U.S. Ethanol Global Sales Burst Back to Pre-Pandemic Levels while U.S. DDGS Exports Moderate](https://feedsoft.ai/events/49638-october-u-s-ethanol-global-sales-burst-back-to-pre-pandemic-levels-while-u-s.md) | -0.7% | +7.1% |
| CORN | 2025-12-01 | [Rising Barley Prices in Ukraine: Supply and Demand Dynamics](https://feedsoft.ai/events/12534-rising-barley-prices-in-ukraine-supply-and-demand-dynamics.md) | +0.3% | +0.3% |
| WHEAT | 2022-01-19 | [Spotlight on India’s Trade-Distorting Domestic Wheat and Rice Support](https://feedsoft.ai/events/43115-spotlight-on-india-s-trade-distorting-domestic-wheat-and-rice-support.md) | +1.9% | -1.5% |
| WHEAT | 2022-12-23 | [India exports 465,000 tonnes wheat worth $1.5 billion during Apr-Oct](https://feedsoft.ai/events/38204-india-exports-465-000-tonnes-wheat-worth-1-5-billion-during-apr-oct.md) | +0.7% | -3.3% |
| WHEAT | 2018-05-17 | [In April Ukrainian sea ports reduced export deliveries by 10% — Latifundist.com](https://feedsoft.ai/events/64882-in-april-ukrainian-sea-ports-reduced-export-deliveries-by-10-latifundist-com.md) | +4.3% | +3.0% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-chinas-comeback-aids-india-in-securing-1-76m-tonnes-undermining-bull-rally-and-raising-doubts-over-q4-support-levels

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