12 May 2011 13:38 [Source: ICIS news]
MMTC closed a tender for an unspecified quantity of urea on 4 May. It subsequently issued the following awards to traders at $399/tonne (€279/tonne) CFR (cost and freight):
• 55,000 tonnes to Toepfer for Mundra port
• 40,000-50,000 tonnes to Swiss Singapore for Mundra port
• 25,000 tonnes to Transglobal for Kandla port
The urea is for shipment before the end of June.
Toepfer is expected to supply from
The quantity awarded was less than expected and could result in a different Indian state agency issuing a tender again soon for additional quantities.
($1 = €0.70)
For more on urea visit ICIS pricing fertilizers
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