# Urea market in shock as Indian tender fails to prop up prices :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Urea prices fell sharply as the Indian tender failed to lift the market, with buyers absent and unsold cargoes piling up from the Arab Gulf into Brazil. Egypt prices dropped to $305/t FOB and Russian prilled urea to about $290/t FOB, while Chinese players supplied a large share of the Indian tender.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61855-urea-market-in-shock-as-indian-tender-fails-to-prop-up-prices-content-tap-oan
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Heavy spare supply and weak buying point to continued downward pressure on nitrogen fertilizer costs, which lowers production costs for feed grain growers over the coming season.

## Read by commodity

- UREA: bearish ▼

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/urea-market-in-shock-as-indian-tender-fails-to-prop-up-prices.html

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