MMCT excludes Iranian urea from its tender
Published by Robyn Wainwright,
Assistant Editor
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."
Read the article online at: https://www.worldfertilizer.com/special-reports/04102018/mmct-excludes-iranian-urea-from-its-tender/
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