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Brazil imported 32.68 million tonnes of fertilizer from January to October 2026, down 14.7% from the same period of 2025, while the average import price rose 12.6%. Farmers delayed purchases amid tight margins and more expensive credit, and rural loan delinquencies rose sharply.
Industry expects only gradual volume recovery in 2027.
Lower Brazilian fertilizer demand and higher import prices signal weaker farm input affordability, which can reduce future planted area and crop output and shift feed-grain and meal supply expectations.
agronews.tv.brVicente DelgadoNov 15, 2026After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
