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Rashtriya Chemicals and Fertilizers (RCF), a leading Indian fertilizer importer, has revealed competitive prices in its 23 January urea tender. The lowest bids were $422/t cfr west coast and $427/t cfr east coast, both submitted by trading firm Indagro. Tight Competition Among Bidders The spread between offers was narrow, with Read more
National Fertilizers Limited (NFL), a leading public sector enterprise, has invited global bids for the import of bulk urea (fertilizer grade). This move aims to meet the increasing demand in the agricultural sector and ensure a consistent supply of fertilizers for upcoming crop cycles. The tender is being floated on Read more
RCF Ltd., on behalf of the Department of Fertilizers (DOF) under the Ministry of Chemicals and Fertilizers, has issued a new tender for the purchase of Prilled or Granular Urea (46% Nitrogen) in bulk. The urea will be delivered to an Indian port by November 20, 2024. This RCF urea Read more
India’s reliance on urea imports is projected to drop to 10-15%, down from a high of 30% in FY 2021, according to a Crisil Ratings study. This reduction is driven by the launch of new urea production capacities. These plants are expected to achieve regulated returns as utilization rates improve. Read more
Indian fertilizer importer NFL has closed its urea procurement tender today, with initial reports indicating the lowest bids are around or just under $340 per ton CFR (Cost and Freight) for delivery to the west coast. NFL plans to review and open the technical offers on August 30, with the Read more
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