The Bangladesh government authorized another tender for bagged urea. BCIC called the tender to close Nov. 20 for 25,000 my each of bagged prilled and granular urea.
The tender was expected earlier this month after the government re-evaluated urea demand and supplies. Sources said the demand was higher than expected, leaving the county short of product.
The last tender showed results in the mid-$330s/mt CFR bagged.