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

Weak demand drives down international pricesUrea prices fell in most markets this week because of the recent weak international demand and fierce competition from suppliers to ensure supply.Wet weather dampened the demand outlook and US prices fell sharply at the start of the week - Nora's barges ch

India is struggling to keep DAP CIF at $920/t and will load more Russian products in June-July. Russia sold two shipments to importers at that price this week. Chinese trading firms tried to raise their target price for DAP to $1,020-1,025/t cfr, but no deals were made. Producers kept their offers a

Urea prices fell in most markets this week because of the recent weak international demand and fierce competition from suppliers to ensure supply.Wet weather dampened the demand outlook and US prices fell sharply at the start of the week - Nora's barges changed hands at $550/t fob.Urea levels also d