India's Urea Tender Just Gave a Fading Rally New Life

India's urea tender for 1.7 million tonnes is reviving a fertilizer rally that had only just started to lose its momentum. Josh Linville, VP of Fertilizer at StoneX, breaks down what the tender means for urea, phosphate and potash markets heading into fertilizer year 2027. Linville explains why Morocco is shipping triple super phosphate instead of the DAP and MAP the market is used to, and how the Strait of Hormuz, the Red Sea and Russia's shadow fleet are reshaping global fertilizer supply. Linville also covers why manufacturers are staying patient into a tighter fertilizer year that started July 1. 0:00 Urea Rally Hangs by a Thread 0:43 France's Rebate Ignites Urea 1:18 India's Tender Saves a Rally 3:36 Morocco Ships the Wrong Type 5:57 It Is Wars, Not Fundamentals 8:36 Manufacturers Are in No Rush Discover Actionable Fertilizer Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/fertilizers?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_josh_linville&utm_content=share Like and subscribe for more financial market insights. #StoneX #JoshLinville #Fertilizer #Urea