ACCORDING to a new report of ICIS, a provider of market intelligence report for chemical, energy and fertiliser industries, India, which bought over 1 million tonnes of urea from the international market through tenders in September/October, is expected to purchase more in the near future. As per ICIS report, urea prices increased in October, with the lowest offer under STC at $ 309.90/tonne CFR (Cost & Freight), up nearly $ 15/tonne from the previous 26 September tender from MMTC.
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