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MMCT excludes Iranian urea from its tender

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World Fertilizer,

Metals and Minerals Trading Corporation of India (MMCT) has excluded the use of Iranian urea from its tender due to its status as a sanctioned country.

Argus states "Iran is a major supplier of urea to India. Its January-June imports this year totalled 3.4 million t of urea, of which 1.15 million t came from Iran, according to GTIS. Last year's total imports of 5.9 million t saw India buy 1.6 million t from Iran."

Shipment is required up until the 19th November.

Argus continues "India does not set a specific tonnage target for its urea tenders, but stocks have fallen to about 400 000 t. Argus estimates that 2 million t is needed for shipment up to mid-January."

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