Urea: IPL issues counter offers in latest purchasing tender

April 16th, 2026 by Chris Yearsley / CEO, Head of Nitrogen

Following the opening of price bids in yesterday's tender, Indian Potash Limited (IPL) has issued counter offers to a number of participants.

As is normal practice, the counter offers are in line with the lowest offers of $935pt cfr west coast and $959pt cfr east coast.

Participants have until 2pm Indian Standard Time tomorrow to confirm volumes to IPL at these prices.

For the west coast, counters are understood to have been issued to those submitting the lowest 10 offers with this covering 1.69m. tonnes of urea. This figure includes the volume considered automatically booked from Millenium Commodities.

For the east coast, counters were issued down to L5, with this covering 1.11m. tonnes of product, including the 284,000t considered automatically booked from Ameropa as L1 in the tender.

The volume considered automatically booked and that covered by the counters totals 2.79m. tonnes, marginally above the stated target volume in the tender of 2.5m. tonnes.

The latest load date for cargoes is the 14 June.

Originally published by via the Profercy Nitrogen Service

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CEO, Head of Nitrogen

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