Indian importer IPL closed the July 15 tender for 420,000 mt prilled or granular urea to load by August 21 with purchases totalling 300,000 mt. Letters of Intent (LoI) are processed for the following: ? Global: 60,000 mt for Pipavav at $179.95/mt CFR. ? Global: 60,000 mt for Hazira at $180.11/mt CFR. ? Transglobe: 60,000 mt for Adani Tuna at $180.10/mt CFR. ? Transglobe: 60,000 mt for Gangavaram at $181.40/mt CFR. ? Transagri: 60,000 mt for Mundra at $179.95/mt CFR. The suppliers all offered material to be shipped from Iranian ports in the initial round, with one cargo conceivably emanating from Turkmenistan, shipped via Iran.
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