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India is expected to issue a new urea tender before Diwali, seeking about 1.5 million tonnes for delivery before end-January 2025. Traders expect L1 prices above USD 400/t CFR, while Southeast Asian prices rose and Brazil saw a sanctioned Iranian cargo trade near USD 370/t CFR.
A large Indian import tender tightens global urea supply and typically lifts nitrogen prices, raising feed-grain production costs over time.
czapp.comStein Chingen HauganOct 21, 2024After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
