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Suppliers offer 3.87mn t of urea to India's NFL: Update

  • Market: Fertilizers
  • 03/09/24

Adds breakdown of offer tonnages

Indian fertilizer importer NFL has opened technical offers for its 29 August tender to buy, with 22 valid offers totalling 3.87mn t of urea.

Offers to the west coast total 2.016mn t and 1.809mn t to the east coast. There was 45,000t offered by PIC on a fob basis, bringing overall volumes to 3.92mn t. One trading firm, which offered 50,000t to the west coast, was disqualified.

OQ Trading led west coast volumes with 400,000t, while Aditya Birla offered the most to the east coast with 200,000t. Prices are expected shortly. The breakdown of offer tonnages is likely to match the accompanying table, although there has been no confirmation from the parties involved.

India NFL 29 August urea tender (t)
SupplierWest coast cfrEast coast cfrFob
Sun International50,00050,0000
Midgulf International150,000150,0000
Agricommodities (ETG)150,00047,5000
RE Energy050,0000
Fertistream80,00080,0000
Dreymoor100,000100,0000
Ameropa Asia136,300136,3000
Indagro42,50042,5000
Continental100,000100,0000
Samsung135,000135,0000
Aditya Birla200,000200,0000
PIC 45,000
Hexagon50,00050,0000
OQ Trading100,000400,0000
Coastal Chemical90,00090,0000
Koch95,00095,0000
Keytrade50,00050,0000
Macrosource45,00045,0000
Medallion50,00050,0000
Alkagesta45,00045,0000
Agrifields40,00000
Sabic100,000100,0000
Sub-total1,808,8002,016,30045,000
Total3,870,100

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