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India urea import offers decline 12% as war supply squeeze eases - The Economic Times
India's urea import offers dropped significantly, signaling market easing after war-driven tightness. Offers for the soil nutrient were twelve percent below June's purchase price. State-run producers received bids for millions of tons against tender requirements. Prices have crashed to less than half of earlier war-driven levels. Vessel traffic through the Strait of Hormuz has held below normal.
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https://www.livemint.com/industry/ample-fertilizer-stocks-cushion-india-against-war-driven-supply-risks-11785407989047.html