A closely-watched urea tender in India — the world’s top buyer of the nitrogen-based fertilizer — drew offers near $1,000 a ton, in a fresh sign of how the war in Iran is sending prices for the crop nutrient surging. Aramco Trading Co. and Ameropa Asia Pte . were among more than two dozen suppliers offering the crop nutrient to the South Asian nation as high prices following the conflict add urgen...
A closely-watched urea tender in India — the world’s top buyer of the nitrogen-based fertilizer — drew offers near $1,000 a ton, in a fresh sign of how the war in Iran is sending prices for the crop nutrient surging. Aramco Trading Co. and Ameropa Asia Pte . were among more than two dozen suppliers offering the crop nutrient to the South Asian nation as high prices following the conflict add urgency to stockpiling ahead of a key planting season. Indian Potash Ltd. , which imports the crop nutrient for the government, received offers for 3.29 million tons against a 1.5 million ton tender for the west coast, with prices between $935 and $1,136 a ton, according to people familiar with the matter. For the east coast, submissions totaled 2.63 million tons against a 1 million ton requirement, with offers between $959 and $1,136 a ton, they said, asking not to be identified due to commercial sensitivity of the information. Urea prices from the Middle East, typically a major global supplier to India, were trading at $490 a ton before the war began, Green Markets data shows. The latest offers are about double the pre-conflict spot levels. A fertilizer ministry spokesperson didn’t immediately respond to an email seeking comment. Indian Potash had issued a tender to collectively procure 2.5 million earlier this month, the first such purchase for the country since the US-Israeli strikes on Iran. The timing is crucial as sowing for key monsoon crops, including rice, corn and soybeans, is set to begin in the coming months. The South Asian nation’s urea output depends heavily on natural gas, much of it sourced from the Middle East and used to produce ammonia, a key feedstock. A shortage of liquefied natural gas following the effective closure of the Strait of Hormuz forced some regional firms to idle plants last month. Indian authorities are in talks with major producers and exporters of nitrogen-based and phosphatic fertilizers to secure direct supplies. Read More: India to Resto...
(RTTNews) - France's equity benchmark CAC 40 drifted lower Wednesday morning, weighed down by some disappointing corporate updates. Meanwhile, investors continued to track geopolitical news, particularly the reports about possible second round of ceasefire talks between U.S. and
(RTTNews) - France's equity benchmark CAC 40 drifted lower Wednesday morning, weighed down by some disappointing corporate updates. Meanwhile, investors continued to track geopolitical news, particularly the reports about possible second round of ceasefire talks between U.S. and
Photo: IC China’s financial data for March reflects a continuation of a familiar pattern: weak aggregate volume masked by distinct structural shifts. Constrained by a sluggish recovery in aggregate demand, the traditionally robust early-year credit expansion has been decidedly mild. Loan growth in the first two months of 2026 fell short of last year’s pace, signaling that the banking sector’s obse...
Photo: IC China’s financial data for March reflects a continuation of a familiar pattern: weak aggregate volume masked by distinct structural shifts. Constrained by a sluggish recovery in aggregate demand, the traditionally robust early-year credit expansion has been decidedly mild. Loan growth in the first two months of 2026 fell short of last year’s pace, signaling that the banking sector’s obsession with sheer scale is cooling. Instead, policymakers are pivoting toward smoother lending rhythms and structural optimization.