# IPL India set to book 1.5m. tonnes following latest urea purchasing inquiry

> India's state agency IPL booked about 1.5 million tonnes of urea for shipment through 5 December after its latest tender, at counter-offers of $649.48/t CFR west coast and $655/t CFR east coast. That volume exceeds the July and September tenders, which booked 593,000t and 879,000t.

- Date: 2022-10-21 · published 2022-10-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/39460-ipl-india-set-to-book-1-5m-tonnes-following-latest-urea-purchasing-inquiry
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Large Indian purchases remove significant supply from the global urea market and support prices. Producers in the Middle East and Southeast Asia gained firm netbacks, which points to firmer urea values into the coming months.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-11-23 | [MMTC announces India’s 9th urea purchasing inquiry of current campaign](https://feedsoft.ai/events/4692-mmtc-announces-india-s-9th-urea-purchasing-inquiry-of-current-campaign.md) | +9.0% | +7.4% |
| UREA | 2022-05-06 | [Urea price declines slow ahead of major RCF purchasing inquiry](https://feedsoft.ai/events/8654-urea-price-declines-slow-ahead-of-major-rcf-purchasing-inquiry.md) | +0.4% | -17.1% |
| UREA | 2023-12-21 | [Urea: Indian purchasing tender offers silver lining to producers](https://feedsoft.ai/events/33020-urea-indian-purchasing-tender-offers-silver-lining-to-producers.md) | +0.8% | +1.8% |
| UREA | 2022-05-20 | [Urea: RCF purchasing inquiry concludes, ME and N. African fob values stable](https://feedsoft.ai/events/41328-urea-rcf-purchasing-inquiry-concludes-me-and-n-african-fob-values-stable.md) | -0.8% | -22.0% |
| 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% |

## Sources

- profercy.com: https://www.profercy.com/insights/ipl-india-set-to-book-1-5m-tonnes-following-latest-urea-purchasing-inquiry

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