MMTC Closes Urea Tender At Higher Price

The MMTC urea tender closed on Oct. 5 with the lowest West Coast offer at $352.88/mt CFR from Gavilon and the lowest East Coast offer at $356/mt CFR from Dreymoor. A total of 1.7 million tons were offered from 15 companies, including two producers.

The new prices reflect about an $80/mt increase in the delivered price to India. For more details see the Oct. 5 issue of Green Markets.