Rashtriya Chemicals & Fertilizers (RCF) called a urea tender to close Nov. 14 with shipment by Dec. 30. The call came as the global urea market is crashing. Traders said RCF might have done better to wait until the last of the material from the previous MMTC tender was shipped Nov. 12. The company was recently allowed to import urea as the Indian government is looking to shuffle around what companies are allowed to import agricultural urea.
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