# Ferts in Focus 1/7/20 - FIS CDN

> FIS reports AG urea paper found support near $220 per tonne on expected Indian demand after India secured only 628,000 tonnes in its latest tender, well short of requirements. Egypt paper traded at $227 for August, and Brazil small-lot sales reached up to $255/t CFR. The Nola market remained rangebound after the spring season.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52064-ferts-in-focus-1-7-20-fis-cdn
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

India's need for significant further urea purchases is expected to support global urea prices in the short term. Buyers should anticipate firmer nitrogen costs if another tender follows soon.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-07-13 | [Fertiliser Focus – 13th July 2020 - COFCO](https://feedsoft.ai/events/52425-fertiliser-focus-13th-july-2020-cofco.md) | -1.4% | +20.0% |
| UREA | 2020-10-05 | [Fertiliser Focus – 5th October 2020 - COFCO](https://feedsoft.ai/events/50583-fertiliser-focus-5th-october-2020-cofco.md) | -0.5% | +2.5% |
| UREA | 2020-08-24 | [Fertiliser Focus – 24th August 2020 - COFCO](https://feedsoft.ai/events/51921-fertiliser-focus-24th-august-2020-cofco.md) | -2.7% | -5.4% |
| UREA | 2023-12-26 | [January '24 Farmer Fertilizer Focus - Urea](https://feedsoft.ai/events/32634-january-24-farmer-fertilizer-focus-urea.md) | -1.6% | +0.2% |
| UREA | 2024-02-28 | [March '24 Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/4295-march-24-farmer-fertilizer-focus-phosphate.md) | +7.6% | +9.1% |

## Sources

- fisapp.com: https://fisapp.com/news/ferts-in-focus-1-7-20/

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