# India's MMTC receives urea tender offers | Latest Market News

> India's state trader MMTC issued a urea tender for shipment up to 28 February and received firm offers for around 2.86 million tonnes from 22 bidders. The lowest offers were about $39-43/t below the prior MMTC tender in November.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/61027-india-s-mmtc-receives-urea-tender-offers-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large Indian tender at prices well below the previous round signals softer global urea values, which lowers nitrogen input costs for corn growers.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-09-04 | [India’s Record Urea Tender Shakes Fertilizer Markets](https://feedsoft.ai/events/6878-india-s-record-urea-tender-shakes-fertilizer-markets.md) | -0.6% | -5.5% |
| UREA | 2020-03-27 | [Urea market poised for RCF India tender](https://feedsoft.ai/events/54425-urea-market-poised-for-rcf-india-tender.md) | +0.8% | 0.0% |
| UREA | 2026-10-11 | [India’s Latest Urea Tender Signals Relief on Global Fertiliser Costs](https://feedsoft.ai/events/17353-india-s-latest-urea-tender-signals-relief-on-global-fertiliser-costs.md) | +2.6% | — |
| UREA | 2026-10-02 | [Urea price rally stalls on sluggish Brazilian demand as market awaits India's latest tender](https://feedsoft.ai/events/654-urea-price-rally-stalls-on-sluggish-brazilian-demand-as-market-awaits-india-s.md) | -1.4% | +1.1% |
| UREA | 2024-11-04 | [India's Urea Tender Fails to Revive Prices \| CZ app](https://feedsoft.ai/events/27723-india-s-urea-tender-fails-to-revive-prices-cz-app.md) | -2.0% | -1.9% |
| CORN | 2022-01-28 | [Urea market finds liquidity following news of India’s potential return](https://feedsoft.ai/events/43453-urea-market-finds-liquidity-following-news-of-india-s-potential-return.md) | +1.3% | +11.5% |
| CORN | 2024-03-25 | [Trump victory ushers in ag trade uncertainty \| Latest Market News](https://feedsoft.ai/events/14769-trump-victory-ushers-in-ag-trade-uncertainty-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2018-05-18 | [Sorghum news lifts market](https://feedsoft.ai/events/65074-sorghum-news-lifts-market.md) | +1.3% | -5.6% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/1828803-india-s-mmtc-receives-urea-tender-offers

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