# Indian Tender Prices Higher than Expected and Accepted Volumes Lower than Expected - Genesis Fertilizers

> Rashtriya Chemicals and Fertilizers bought 555,900 tonnes in its urea tender against a target of 1.5 million tonnes. The shortfall led the market to conclude that supply is tighter than expected, and global urea prices rose in the days after. Urea NOLA swaps traded up to US$401/st.

- Date: 2025-02-05 · published 2025-02-05T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/4644-indian-tender-prices-higher-than-expected-and-accepted-volumes-lower-than
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Smaller-than-expected Indian award volumes signal tighter global supply and push urea prices higher, with the effect carrying into spring ship tonnages.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2025-02-06 | 5 | +10.1% | 2.9 | India's RCF tender bought only 555,900 t versus a 1.5M t target at higher-than-expected prices, signaling tight global supply and directly pushing urea prices (NOLA swaps up to $401/st) higher during the window. |
| UREA | 2025-02-07 | 5 | +10.5% | 2.9 | India's RCF tender secured only 555,900 t against a 1.5 Mt target, so the market concluded supply was tighter than expected and global urea prices rose in the following days. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-04-30 | [US Urea Prices Surge to Highest Level Since 2022 - Genesis Fertilizers](https://feedsoft.ai/events/4273-us-urea-prices-surge-to-highest-level-since-2022-genesis-fertilizers.md) | +17.4% | +7.7% |
| UREA | 2026-04-20 | [In Q1 2026, both import and export volumes and prices of chemical fertilizers rose; summary of import and export policies - ChemNet](https://feedsoft.ai/events/19639-in-q1-2026-both-import-and-export-volumes-and-prices-of-chemical-fertilizers.md) | -1.4% | -16.5% |
| UREA | 2021-08-05 | [Fertiliser shortage looms as global prices skyrocket \| Business News - The Indian Express](https://feedsoft.ai/events/45883-fertiliser-shortage-looms-as-global-prices-skyrocket-business-news-the-indian.md) | +1.4% | +8.5% |
| UREA | 2021-10-05 | [Farmers face fertiliser shortages, higher prices after China export ban \| VIC](https://feedsoft.ai/events/5913-farmers-face-fertiliser-shortages-higher-prices-after-china-export-ban-vic.md) | +6.2% | +11.5% |
| UREA | 2021-02-13 | [High fertilizer prices likely to climb more - Grainews](https://feedsoft.ai/events/12875-high-fertilizer-prices-likely-to-climb-more-grainews.md) | +1.2% | +13.6% |

## Sources

- genesisfertilizers.com: https://genesisfertilizers.com/2025/02/05/indian-tender-prices-higher-than-expected-and-accepted-volumes-lower-than-expected/

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