Urea prices drop to $390 per tonne in new tender
after close1 source ↓written by the desknot a recommendation
- post-Iran war levels
- $959
- for both coasts
- 1.7 million tonnes
- shipments due
- 24 Sep
India’s latest urea import tender saw a lowest bid of $390.25 per tonne, significantly down from $959 post-Iran war levels. Rashtriya Chemicals and Fertilizers (RCF) is seeking 1.7 million tonnes for both coasts, with shipments due by 24 Sep. This price drop may reduce India's fertilizer subsidy burden significantly.
Not investment advice. For informational purposes only.