The State Trading Co. in India has so far awarded just under 800,000 mt from its May 19 urea tender. More awards are still possible because STC asked for offers to be valid through May 27. Prices for the awards range from $214.39/mt CFR for West Coast ports to $218.89/mt CFR for Gopalpur on the East Coast. Sources said as the tender closed STC could take close to 1 million tons if the price was right. The results from this tender represent about a $10/mt drop in price from the MMTC tender from just a month ago.
Transparency Across the Fertilizer Value-Chain