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AgroLatam reports that Brazil imports nearly 90% of its fertilizers, mainly from Russia, China and Canada, citing a Purdue estimate that imports were about 88% of consumption in 2025. It also notes Brazil's 2024 agricultural exports of about $144.4 billion.
The piece is an analytical overview of supply exposure rather than a single new event.
Brazil's heavy reliance on imported potash, nitrogen and phosphate makes its soybean and corn costs sensitive to global fertilizer shocks, which could later affect Brazilian export pricing.
agrolatam.comEmily TraskNov 15, 2026After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
