STC calls urea tender

The State Trading Corp. of India called a urea tender today. The tender will close June 18 with validity of offers to last until June 25. The STC tender call came earlier than many expected. Expectations are that STC will buy at least 1 million mt. One trader said STC may take even more if the price is right.

Shipment must be completed by July 31. Sources have said earlier that the opening of the Chinese export window July 1 would mean any Indian tender should allow as much time as possible in July for product loadings.

According to the documents posted on the STC website (http://www.tenders.gov.in/viewtenddoc.asp?tid=del664503&wno=1&td=TD), the tender will operate under a 2-Bid System. Companies participating in the tender must provide a sealed envelope with technical and commercial information. The second envelope is to include the actual price and quantity being offered.

Companies offering Iranian product will have to include the necessary marine insurance in its offer. Insurance for material from all other sources will be covered by STC.

CHS Europe, Gleadell sign fertilizer deal

Gleadell Agriculture Ltd, Lincolnshire, England, the United Kingdom’s third largest agricultural trading and distribution company, and CHS Europe Sarl, a division of CHS Inc., North America’s leading farmer-owned cooperative and a global energy, grains and foods company, today announced an agreement whereby CHS will provide global fertilizer sourcing to support Gleadell Agriculture’s supply chain.

The agreement will extend Gleadell’s access to imported product, mainly high quality granular urea, through CHS global supply and sourcing. "CHS has an excellent track record on sourcing product, especially within Egypt and the Middle East, which are recognized as major suppliers of quality granular urea," said Gleadell Sales Director Stuart Shand. "Other fertilizer offerings from Gleadell, including most importantly UK product GrowHow, will be offered as before."

CHS Europe Vice President and General Manager Roger Baker said the partnership is part of the farmer-owned cooperative’s focus on global fertilizer distribution expansion. "Gleadell and CHS share similar growth strategies and recognize the importance of providing customers with an assured, timely supply of crop nutrients vital to healthy, profitable crop production," said Baker.

Gleadell Managing Director David Sheppard said the CHS business model is built on long-term partnerships and shared success, very similar to Gleadell co-owner InVivo, whose capital is held by 223 cooperatives. "CHS fits exactly with Gleadell’s ambition to work only with successful, forward-thinking blue chip companies. We look forward to building this new partnership, which we believe will provide our professional farmer customers and UK cooperatives with improved continuity of product supply."

CHS Europe Head of Fertilizers EMEA Walter Singer said the supply agreement fits with the company’s long-term business aspirations to expand geographically. "This distribution agreement is an important step towards gaining company and brand awareness with cooperatives and farmers across Europe," said Singer.

Gleadell is an independent and a major trader of grain in the UK and a leading exporter of grain, oilseeds and pulses to markets in the European Union and a significant supplier to UK millers, maltsters, feed compounders and other grain markets. It is a growing force in the sourcing and delivery of imported and home-produced fertilizer and seed. Since 2001 Gleadell has been jointly owned by Toepfer International, a major trader of agricultural products around the world, and InVivo, the leading provider of agricultural goods and services in the EU.

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