# India loses its premium over global market following latest urea purchasing inquiry 15.02.2022 - UkrAgroConsult

> India's latest urea purchasing inquiry closed on February 7 with the lowest offer at $596.45 per tonne CFR, below the premium India had previously paid. Western producers faced sharply lower netbacks, and the business eroded India's premium over the US and Brazil.

- Date: 2022-02-15 · published 2022-02-15T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/43021-india-loses-its-premium-over-global-market-following-latest-urea-purchasing
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

The loss of India's price premium signals softer global nitrogen demand. Lower urea values reduce input costs, though the outlook remains uncertain.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-03-26 | [PWNI makes first decline of 2021; urea market activity stalls as participants await outcome of latest Indian purchasing tender](https://feedsoft.ai/events/48432-pwni-makes-first-decline-of-2021-urea-market-activity-stalls-as-participants.md) | -3.6% | -1.5% |
| UREA | 2022-01-07 | [Nola urea values see extreme volatility as global market searches for a new equilibrium in 2022](https://feedsoft.ai/events/4584-nola-urea-values-see-extreme-volatility-as-global-market-searches-for-a-new.md) | -10.4% | -13.6% |
| UREA | 2024-04-29 | [Urea prices test 2023 lows as China weighs up return to global market](https://feedsoft.ai/events/9420-urea-prices-test-2023-lows-as-china-weighs-up-return-to-global-market.md) | -7.7% | -6.1% |
| UREA | 2022-05-26 | [Bangladesh purchases LNG, fertiliser at lower rates as prices fall in global market \| The Business Standard](https://feedsoft.ai/events/41693-bangladesh-purchases-lng-fertiliser-at-lower-rates-as-prices-fall-in-global.md) | -17.1% | -21.4% |
| UREA | 2022-04-26 | [Urea fob values come under further pressure following IPL inquiry](https://feedsoft.ai/events/8657-urea-fob-values-come-under-further-pressure-following-ipl-inquiry.md) | -18.3% | -18.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/india-loses-its-premium-over-global-market-following-latest-urea-purchasing-inquiry/

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