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Indian urea producers pay about $11.72 per mmBtu for pooled R-LNG feedstock, making domestic production cost roughly $415 per tonne. Imports are available below $300 per tonne, so domestic manufacturing is uneconomic relative to buying.
The gap between domestic cost and import prices sustains India's reliance on imported urea, supporting import demand and global urea prices.
indianexpress.comHarish DamodaranJul 31, 2019After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
