# Urea: RCF purchasing inquiry concludes, ME and N. African fob values stable

> India's RCF urea purchasing inquiry concluded with letters of intent for about 1.65 million tonnes for shipment by July 5, with counter offers at $716.50/t CFR west coast and $721.30/t CFR east coast. Egyptian urea prices rose $23/t FOB on late-season Mediterranean demand.

- Date: 2022-05-20 · published 2022-05-20T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41328-urea-rcf-purchasing-inquiry-concludes-me-and-n-african-fob-values-stable
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Large Indian bookings remove significant tonnage from the market and provide support for urea prices, sustaining nitrogen costs for feed producers.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-10-21 | [IPL India set to book 1.5m. tonnes following latest urea purchasing inquiry](https://feedsoft.ai/events/39460-ipl-india-set-to-book-1-5m-tonnes-following-latest-urea-purchasing-inquiry.md) | -2.5% | -13.0% |
| UREA | 2020-06-22 | [Urea market stages recovery on buying interest in Latin America and Africa](https://feedsoft.ai/events/52542-urea-market-stages-recovery-on-buying-interest-in-latin-america-and-africa.md) | +2.3% | +6.2% |
| UREA | 2026-02-25 | [Urea: India raises the stakes for markets requiring April arrivals](https://feedsoft.ai/events/20925-urea-india-raises-the-stakes-for-markets-requiring-april-arrivals.md) | +28.3% | +35.4% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-rcf-purchasing-inquiry-concludes-me-and-n-african-fob-values-stable

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