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The Economic Times

Others / The Economic Times

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India urea import offers decline 12% as war supply squeeze eases

India's urea import offers dropped significantly, signaling market easing after war-driven tightness. Offers for the soil nutrient were twelve percent below June's purchase price. State-run producers received bids for millions of tons against tender requirements. Prices have crashed to less than half of earlier war-driven levels. Vessel traffic through the Strait of Hormuz has held below normal.

13 Aug 2026 10:51 pm