India Urea Offers Decline 12% as War Supply Squeeze Eases

India's urea offers have declined 12% compared to June purchase prices, indicating a relaxation in the global fertilizer market that was previously strained by war-related supply disruptions. As one of the world's largest urea importers, India's lower offer prices suggest that the supply squeeze affecting the fertilizer market is beginning to ease. This price reduction reflects improving market conditions after the geopolitical tensions that had previously driven fertilizer costs higher.