# Urea values wane as global market seeks direction post Indian tender

> India's IPL secured just under 1.4 million tonnes of urea for February and March shipment after its tender. Global urea values eroded further as demand from other import markets remained weak and Russian and North African material remained available.

- Date: 2022-02-18 · published 2022-02-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43020-urea-values-wane-as-global-market-seeks-direction-post-indian-tender
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Ample supply and weak non-India demand point to softer nitrogen prices in the near term. Lower fertilizer costs are a modest supportive factor for grain margins.

## Read by commodity

- UREA: bearish ▼

## Sources

- profercy.com: https://www.profercy.com/insights/urea-values-wane-as-global-market-seeks-direction-post-indian-tender

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