Brazil's fertilizer imports are accelerating at a pace not seen since 2022, with producers buying 18% of expected 2025/26 fertilizer volume by January. January monoammonium phosphate (MAP) imports nearly doubled year on year to 283,300 tonnes.
Early buying by Brazilian producers signals strong input demand ahead of the 2025/26 crop, which supports fertilizer prices and reflects a favorable grain-to-fertilizer price ratio.
Not enough comparable past events yet for a historical read.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.