India has agreed to purchase 2.5 million tons of nitrogen-based fertilizer at significantly higher rates than previous tenders. The move comes as geopolitical instability in the Middle East disrupts global supply chains and drives up benchmarks.
- Total procurement of 2.5 million tons of urea
- West coast delivery priced at $935 per ton
- East coast delivery priced at $959 per ton
- Supply disruptions linked to Middle East conflict
- India maintains position as world's top urea importer
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