Quickly on the heels of the STC purchases of urea, MMTC called its own tender to close Nov. 22. India still needs about 1 million mt of urea to close out the year, say sources. China urea is expected to be a major player in the tender. Sources say there are still plenty of tons – about 500,000 mt – available in the bonded warehouses. If the price and quantities are right, MMTC could award the final 1 million mt needed by Indian farmers. If that happens, say sources, India will go quiet until the second quarter of next year, denying suppliers a major single buyer.
Transparency Across the Fertilizer Value-Chain