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Bangladesh's BCIC cancelled two tenders for 200,000 tonnes of urea as Middle East war disrupts supply from Gulf exporters through the Strait of Hormuz. The agency has opened an international tender and is considering supply from China, Egypt and Russia.
Importers rerouting urea demand to other origins increases competition for non-Gulf supply, supporting global nitrogen prices and raising input costs for feed grain producers.
tbsnews.netAhsan Habib TuhinMar 29, 2026After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
