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IPL received offers of $935—1,136/t CFR India for 5.9203 million t of urea from 27 suppliers under the tender closed on 15 April 2026. The product shall leave loading ports for India’s West and East Coasts by 14 June 2026.
The company obtained the lowest offers of $935/t CFR India’s West Coast from Millennium Commodity and $959/t CFR India’s East Coast from Ameropa and Chasemax International. They are $427/t and $447/t above those RCF agreed for the fertilizer to be shipped to the respective coasts under the purchase tender closed on 18 February 2026. Also, Fertiglobe Fertilizers Trading offered 90,000 t of urea on an FOB basis for shipment to India’s East Coast, but the level is undisclosed so far.
Note: previously, urea offers exceeded $900/t CFR in India in November 2021. Then, IPL got the lowest offers of $998.50/t CFR India’s East Coast and $981.64/t CFR India’s West Coast under the tender closed on 11 November 2021.
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World Fertilizer Market Media