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Bangladesh's cabinet approved purchases of 115,000 tonnes of fertilizer, including urea at $626.67 per tonne from UAE and Qatar and triple superphosphate at $562 per tonne. The approved prices were above the latest offer rates.
A sizable state tender provides modest demand support for urea and TSP, though the volume is small relative to global markets.
thedailystar.netStar Business ReportNov 4, 2022After 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.
Not enough comparable past events yet for a historical read.
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.
