# Indian Tender pushes Urea prices down.

> The latest Indian urea import tender drew over 3 million tonnes of offers, with early indications of the lowest price below $340/t CFR India. Benchmark urea prices fell $15-30/t elsewhere, and the US price dropped about $15/t as the market looked adequately supplied. Egypt discounted aggressively to move product into Europe and North America.

- Date: 2024-03-30 · published 2024-03-30T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/5304-indian-tender-pushes-urea-prices-down
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A large Indian tender with low offers resets global urea benchmarks lower, and aggressive Egyptian discounting adds supply pressure in Europe and North America.

## Read by commodity

- UREA: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-04-01 | 1 | -11.2% | -6.8 | The Indian import tender drew over 3 million tonnes of offers with indicative lows below $340/t CFR, signalling ample supply and triggering sharp price cuts of $15-30/t across benchmarks, which is directly in line with the 1-day drop ending 2024-04-01. |
| UREA | 2024-03-31 | 1 | -11.2% | -6.8 | The Indian tender drew over 3 million tonnes of offers at lows below $340/t CFR, which pushed benchmark urea down $15-30/t and sharply cut sentiment right at the end of March. |
| UREA | 2024-04-02 | 5 | -12.6% | -3.0 | The Indian tender drew over 3 million tonnes of offers at below $340/t CFR, signaling ample supply and pulling benchmark urea down $15-30/t in the week ending around April 2. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-11-11 | [India Tender Pushes Urea Prices Lower \| CZ app](https://feedsoft.ai/events/27320-india-tender-pushes-urea-prices-lower-cz-app.md) | +0.5% | +1.3% |
| UREA | 2023-10-27 | [Indian tender pushes urea prices down; Phosphates and Potash prices unmoved.](https://feedsoft.ai/events/33539-indian-tender-pushes-urea-prices-down-phosphates-and-potash-prices-unmoved.md) | -4.8% | -8.8% |
| UREA | 2024-10-25 | [Delayed Indian Tender pauses prices.](https://feedsoft.ai/events/27789-delayed-indian-tender-pauses-prices.md) | -0.9% | -5.6% |
| UREA | 2024-10-28 | [Urea Prices Dip After India Tender Delay \| CZ app](https://feedsoft.ai/events/5407-urea-prices-dip-after-india-tender-delay-cz-app.md) | -3.6% | -5.5% |
| UREA | 2025-02-24 | [Urea Prices Stall Amid Delayed India Tender \| CZ app](https://feedsoft.ai/events/7457-urea-prices-stall-amid-delayed-india-tender-cz-app.md) | -0.3% | -4.4% |

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/10514-indian-tender-pushes-urea-prices-down

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