# Long-awaited correction to Potash, while the Indian tender pauses the Urea price crash.

> Potash prices corrected sharply, with the KCl granular price down 23.8% week on week. Urea firmed slightly after India announced a tender for 1 million tons for delivery by 1 June 2023, and Brazilian urea rose about $20/t on the news.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/5684-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

India's tender is a large import call that supports urea prices and keeps the nitrogen decline from continuing. Potash weakness reflects softer demand and eases phosphorus and potassium input costs for feed producers.

## Read by commodity

- UREA: bullish ▲
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-10-21 | [India's Tender Boosts Urea, DAP, Potash Prices \| CZ app](https://feedsoft.ai/events/6843-india-s-tender-boosts-urea-dap-potash-prices-cz-app.md) | -0.4% | -5.4% |
| UREA | 2025-01-06 | [India’s Urea Tender Falls Short, Potash Prices Rise \| CZ app](https://feedsoft.ai/events/11882-india-s-urea-tender-falls-short-potash-prices-rise-cz-app.md) | +4.0% | +14.8% |
| UREA | 2021-09-03 | [Urea market rallies in the west, while east continues to await Indian announcement](https://feedsoft.ai/events/5162-urea-market-rallies-in-the-west-while-east-continues-to-await-indian.md) | +8.6% | +43.5% |
| UREA | 2024-06-28 | [Upcoming India Urea Tender Provides Price Support \| CZ app](https://feedsoft.ai/events/29671-upcoming-india-urea-tender-provides-price-support-cz-app.md) | -2.1% | -0.5% |
| 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

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/9089-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price-crash
- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9089-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price-crash

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