India Gets Fertilizer Offers Near $1,000 as War Stokes Costs
A closely-watched urea tender in India — the world’s top buyer of the nitrogen-based fertilizer — drew offers near $1,000 a ton, in a fresh sign of how the Iran war is sending prices for the crop nutrient surging.
Aramco Trading Co. and Ameropa Asia Pte. were among more than two dozen suppliers offering urea to India, as post-conflict price gains spur stockpiling before a key planting season.