On May 25, India bid for the tender. The fertilizer department has approved the purchase of 565,000 tons of urea through RCF. The issuance of the tender is expected to be released soon. Local reports indicate that the new tender may be released before mid-June, and the ship schedule is July.details

This week, India announced to increase the fertilizer subsidies to boost sentiment in the global phosphate market. India has increased the subsidy with more than doubled for DAP and lowered its domestic selling price, alleviating the pressure on farmers, which will boost the import demand. At th

Most urea prices rose more than US$10 per ton this week. It seems that the US and European markets maybe will continue to buy urea in the third quarter to compete with the seasonally active Indian and Latin American markets. North African prices soared,in this week, the FOB price in Egypt rose from

India buys less urea and the market is boomingSomewhat illogically, the relatively small scale of India's bidding has made the urea market bullish. Traders believe that India will bid again in May and may have to pay higher prices, so they have stepped in until June and July.High crop prices and str

Pakistan, India, Brazil continue to purchase Indian continue to purchases this week. Pakistan purchased four vessels of DAP, and maybe they will purchase two more vessels at a CFR price of US$568-569/ton. At present, India's import volum have reached 828,000 tons in June, almost same as the 835,000