India seeks 2.5 million metric tons of urea amid Middle East supply disruptions
State-run corporation Indian Potash Ltd (IPL) floated a tender on Saturday to import 1.5 million tonnes from the country’s west coast. According to the document published on the company’s website, the remaining 1 million tons will come from the east coast.
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It was stated that the shipments are expected to leave the loading port by June 14.
Bids must be submitted by April 15.
India routinely relies on global tenders to secure urea for domestic consumption. Imports are critical as the planting of rice, corn and soybeans is planned to start in June with the arrival of the monsoon.
India, where farming is the mainstay, imports fertilizers such as urea, diammonium phosphate (DAP) and muriate of potash, as well as liquefied natural gas, an important raw material for urea production.
The Middle East accounts for nearly half of India’s DAP and urea imports; Saudi Arabia is the largest DAP supplier and Oman is the largest urea supplier.
