Brazil's fertilizer imports reached a record 44.96 million tonnes in 2025, up 2.9% from 2024, according to StoneX. Buyers shifted toward lower-concentration products such as ammonium sulfate and single superphosphate to cut costs, while urea imports fell 7% and MAP imports fell about 25.7%.
Record import volumes show resilient fertilizer demand despite high prices, but the shift away from concentrated products signals strained grower margins. Lower urea and MAP purchases point to softer demand for those products in Brazil.
After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% 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.