India NFL Urea Tender Concludes: Strong Demand Boosts Global Market

India NFL completed a new round of urea tendering on January 2, 2026, with an intended procurement of 1.5 million metric tons (700,000 metric tons for the East Coast and 800,000 metric tons for the West Coast). The tender attracted bids from 26 suppliers, with a total volume of 3.62 million metric tons (1.59 million metric tons for the East Coast and 2.02 million metric tons for the West Coast), far exceeding market expectations.

Koch secured the winning bid with the lowest offer at CFR USD 426.8/mt for the East Coast and CFR USD 424.8/mt for the West Coast, representing an increase of USD 5–8/mt compared to the previous round, thereby driving up international urea prices. This tender demonstrates the resilience of India's demand and strengthens market confidence. It is expected to continue influencing the trends in both the global and domestic urea markets.