# MMTC announces India’s 9th urea purchasing inquiry of current campaign

> India's state agency MMTC issued its ninth urea purchasing tender of the current campaign, for shipment by 6 January 2021, with bids closing 1 December. The campaign has booked over 7.67 million tonnes since April, and strong demand has been driven by labour returning home during Covid-19 and a good monsoon. Urea prices firmed globally ahead of the tender, with Egyptian and US Gulf values rising.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/4692-mmtc-announces-india-s-9th-urea-purchasing-inquiry-of-current-campaign
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A large Indian tender pulls supply from exporters and tightens the global urea balance, supporting nitrogen prices for feed and grain producers. Buyers should expect firmer urea pricing into the bid period.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2020-11-27 | 1 | +8.5% | 9.0 | India's ninth MMTC urea tender (bids closing 1 Dec) after 7.67 Mt already booked signals strong import demand, and urea values firmed globally ahead of it, which is a direct trade-flow driver of the jump. |

## 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 | 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 | 2022-05-20 | [Urea: RCF purchasing inquiry concludes, ME and N. African fob values stable](https://feedsoft.ai/events/41328-urea-rcf-purchasing-inquiry-concludes-me-and-n-african-fob-values-stable.md) | -0.8% | -22.0% |
| UREA | 2023-12-21 | [Urea: Indian purchasing tender offers silver lining to producers](https://feedsoft.ai/events/33020-urea-indian-purchasing-tender-offers-silver-lining-to-producers.md) | +0.8% | +1.8% |
| UREA | 2024-09-03 | [Directionless global urea market awaits outcome of latest Indian purchasing tender](https://feedsoft.ai/events/28636-directionless-global-urea-market-awaits-outcome-of-latest-indian-purchasing.md) | +1.7% | +2.5% |

## Sources

- profercy.com: https://www.profercy.com/insights/mmtc-announces-indias-9th-urea-purchasing-inquiry-of-current-campaign

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