New Delhi, October 2025 – India, the world’s largest urea importer, is preparing for its next tender. This move will set the tone for international trade, as suppliers in China, the Middle East, and Iran adjust their strategies to shifting demand and ongoing price corrections.
Indian urea sales reached 2.7 million tonnes in September 2025, lower than 3.1 million tonnes last year. Inventories remain close to 3.8 million tonnes, supported by consistent domestic production of 2.5 million tonnes. Moreover, strong monsoon rains are expected to boost agricultural demand during the upcoming rabi season.
National Fertilizers Ltd. (NFL) closed its last tender on 2 September, securing 815,000 tonnes for shipment by 31 October. Therefore, the upcoming tender is drawing intense interest from global markets.
“India’s purchasing decisions continue to drive global urea prices,” said a senior industry analyst at FertilizerField. “With balanced inventories and the rabi season approaching, the next tender will influence producer strategies in the Middle East, China, and Iran.”
Global Market Snapshot
China: Export prices softened, with prilled urea at $400/t fob and granular at $390/t fob. Export quotas tightened ahead of the October holiday.
Middle East: Spot granular urea eased to $405–415/t fob. Exports to India totaled 324,000 tonnes, highlighting strong trade ties.
Iran: Prices stabilized at $363–372/t fob. New offers appeared near $370/t fob.
Egypt: Granular urea slipped to $430–440/t fob as European demand weakened.
Brazil: Prices moved between $420–440/t cfr. October deals settled at $420–435/t.
Meanwhile, Southeast Asia faced weaker demand, Algeria maintained higher offers above $450/t fob, and Nigeria adjusted prices slightly lower for October cargoes.
About FERTILIZERFIELD
FERTILIZERFIELD (fertilizerfield.com) is India’s dedicated news and data hub for the fertiliser and agriculture sector. The platform delivers timely updates on tenders, projects, prices, and market trends, supporting decision-makers and industry stakeholders.
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