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Urea prices in South Africa eased in the week to 24 October, with granular urea down 0.2% week on week. Market sentiment turned negative after the Indian urea tender was delayed until at least the first week of November because of the Diwali holiday.
Analysts note that Indian demand remains and the tender should still go ahead.
A delayed Indian tender removes near-term demand and has reversed recent urea gains, so prices may stay soft until the tender is issued and awarded.
farmingportal.co.zaFarming Portal2024年10月25日在过去 81 次看跌的贸易事件之后，尿素 在 5 个交易日内中位数变动 -1.0%（28% 上涨；中间一半区间为 -7.2% 至 +0.4%），20 个交易日内为 -5.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
The Indian tender delay until at least early November turned market sentiment negative and softened urea prices, consistent with continued downward pressure into end-October.
