IPL calls for 120,000 mt urea
Indian Potash Ltd. called a urea tender Aug. 5 to cover the remaining tonnage from its earlier tender. The new tender calls for two cargoes of 60,000 mt each, one for Kakinada and the other for Krishnapatnam.
The tender call will fill out the 420,000 mt IPL asked for in its July tender. The awards issued in that tender only covered 300,000 mt for mostly West Coast ports. The new tender is strictly for the two East Coast ports listed.
As with the previous tender, IPL will not negotiate for a lower price but retains the right to reject any offer.
Once this tender is cleared, sources still expect to see a similar tender from MMTC for just under 500,000 mt.