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Fertiliser Comment, 18 September

Global urea prices are on edge as all eyes are focused on the latest Indian tender. Will China offer, or won’t they? Will China deliver on the volume promised from the last tender?

Global markets were a bit firmer over the week, but there was not a lot of conviction from either producers or consumers.

The urea market on the mainland is slowing down fast. While there are still reports of shortages and inability to get supply, the hot and dry forecast is also seeing a reduction in demand.

Supply in Tasmania still looks tight going into October.


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