India Issues Global Tender for 2.5 Million Metric Tons of Urea Amid Supply Disruptions
Summary
India has issued an international tender to import 2.5 million metric tons of urea due to supply chain disruptions caused by the West Asia situation, affecting fertilizer supply amid rising demand.
Key Points
- India has issued a global tender to import 2.5 million metric tons of urea due to supply disruptions.
- State-owned Indian Potash Limited has set an application deadline of April 15 for the tender.
- Conflict in the Middle East has disrupted global fertilizer supply and maritime traffic through the Strait of Hormuz.
- The obstruction of this route has caused LPG shortages in India and increased global crude oil prices.
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