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Brazilian farmers are buying fertilizer cautiously, and newer suppliers such as Morocco's OCP and Belarus's BCP each took about 5% of the Brazilian market in 2023. Mosaic and Yara lost share, falling to 17% and 11% respectively, according to StoneX data.
Weak farmer demand and aggressive pricing from new entrants point to continued pressure on fertilizer margins and prices in Brazil, a key import market. The shift also reflects low crop prices limiting input purchases.
valorinternational.globo.comGabriella WeissJul 30, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
