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Brazilian fertilizer prices peaked above US$1,000 per tonne in March and April 2022 and have since fallen nearly 70%. Urea was quoted at US$363 per tonne on February 10, and potash and MAP were US$500 to 600 per tonne at Brazilian ports, while fertilizer use in Brazil fell about 10% in 2022.
Falling Brazilian fertilizer prices lower input costs for Brazilian farmers, but reduced application rates from 2022 could weigh on yield potential for Brazil's corn and soybean crops.
datamarnews.comGabriel MalheirosFeb 24, 2023Not enough comparable past events yet for a historical read.
Not 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.
