price pressureThe bearish sentiment in the market increased, dragged down by the weak raw material market; meanwhile, demand in Southeast Asia showed signs of slowing down. High-end prices for 15-15-15/16-16-16 fell by $50/t to $780/t cfr. Import prices are unlikely to rise further despite strong de

Stimulated by the European gas crisis, market participants filled old short positions and established new long positions, so urea prices rose $ 100 / ton for the week.Egypt saw the biggest increase in FOB prices, with the FOB price of granular urea over 110,000 tons jumping from $640/ton to $740/ton

Market activity was largely subdued until Bangladesh's tender to buy up to 700,000 tonnes of DAP and 250,000 tonnes of TSP ended, with the exception of some DAP sales in Pakistan and India. Bangladesh's DAP tenders had a minimum price of US$1,019.74-1,029/t cfr lo, and the tender volume of 732,000 t

There has been a glut of urea this week, with nitrogen prices plummeting in most regions and most products.Urea is leading the market lower - ample supply from Russia, Africa and the Middle East means any firm demand will be chased by a flood of offers.Brazilian urea buyers stepped in this week to s

Kenya KTDA Company won the tender for 88,000 tons of tea-specific compound fertilizers by Russian sourcesKenya Tea Development Authority (KTDA) held a tender for 88,000 tons of NPK 26-5-5 tea-specific compound fertilizer on May 10. Trader ETG won the bid with the supply source supported by Russian m