Egypt cut prices sharply to find liquidityUrea prices fell in most markets this week as the sell-off in Egypt triggered a broader decline.Due to the high inventory level, the Egyptian producers did not sell well in November - they lowered the price by about 55 dollars/ton earlier this week, and then

India NFL issued urea import bidding. The bidding date is October 14, the bid opening date is November 15, the validity period is 11-23, the latest shipping date is December 22, and the validity period of the bid bond is January 22, 2023.

India purchase and continue to purchase DAP The Indian importer market continued to be active, buying spot tonnage at a higher price.OCP sold 220000 tons of DAP to India, raising the price of loading from October to November to 740-750 dollars/ton. Pakistan did not buy this week, but it is reported

Due to the relative slowdown of domestic demand, most European buyers did not make new purchases, while Egyptian and Algerian producers facing inventory pressure cut their FOB prices. Adequate supply and sluggish demand remain the main themes, and the American market remains weak.Even the demand of

International phosphate fertilizer trade slowed down this week, and buyers waited for declining of price, while sellers were unwilling to lower their prices. China's export volume is limited, but due to weak demand, the price of DAP drops to 700-710 USD/ton FOB. India's import demand is scarce. Paki