The relentless pace of urea price hikes since the start of 2021 shows no signs of slowing. If anything, suppliers are more bullish compared to last week with ever higher prices being quoted and secured. Growing confidence in an Indian import tender to be floated as early as next week for March shipment was a key driver in price growth in recent days. Indian urea stocks are relatively high at 6.433 Mt as of 27 January, but guaranteeing supply is at the forefront of the Indian government’s mind especially with other key regions vying for available volumes at the same time.
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