# Urea price declines slow ahead of major RCF purchasing inquiry

> Urea fob price declines slowed this week as liquidity stayed light before India's RCF purchasing inquiry for about 1.5 million tonnes for shipment through 5 July. Buyers in Europe and the US deferred purchases, leaving uncommitted May-June volumes from the Middle East, North Africa, Nigeria and SE Asia. Russian Black Sea shipments were effectively blocked under the tender terms.

- Date: 2022-05-06 · published 2022-05-06T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/8654-urea-price-declines-slow-ahead-of-major-rcf-purchasing-inquiry
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A sizable Indian tender for urea would absorb surplus supply and could establish a price floor, while the exclusion of Russian origins tightens available tonnage. Feed buyers face nitrogen-linked cost pressure that may firm if the tender clears.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-05-20 | [Urea: RCF purchasing inquiry concludes, ME and N. African fob values stable](https://feedsoft.ai/events/41328-urea-rcf-purchasing-inquiry-concludes-me-and-n-african-fob-values-stable.md) | -0.8% | -22.0% |
| UREA | 2020-11-23 | [MMTC announces India’s 9th urea purchasing inquiry of current campaign](https://feedsoft.ai/events/4692-mmtc-announces-india-s-9th-urea-purchasing-inquiry-of-current-campaign.md) | +9.0% | +7.4% |
| UREA | 2022-10-21 | [IPL India set to book 1.5m. tonnes following latest urea purchasing inquiry](https://feedsoft.ai/events/39460-ipl-india-set-to-book-1-5m-tonnes-following-latest-urea-purchasing-inquiry.md) | -2.5% | -13.0% |
| UREA | 2025-01-27 | [Urea Continues Rise Ahead of India Tender Pricing \| CZ app](https://feedsoft.ai/events/26438-urea-continues-rise-ahead-of-india-tender-pricing-cz-app.md) | +1.4% | +12.4% |
| UREA | 2020-11-18 | [Urea Slows Downward Trend -- Prices Uncertain Ahead](https://feedsoft.ai/events/50088-urea-slows-downward-trend-prices-uncertain-ahead.md) | +0.4% | +7.4% |

## Sources

- profercy.com: https://www.profercy.com/urea-price-declines-slow-ahead-of-major-rcf-purchasing-inquiry/

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