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StoneX data shows Brazilian farmers' fertilizer purchases for the first half of 2023 reached only 41% of expected volume by November 2022, the slowest pace since 2020. Purchases for the second half of 2023 stood at 17%, also below prior years.
Delayed Brazilian buying due to high interest rates and expectations of further price declines reduces near-term fertilizer demand. Importers may face price pressure if buying resumes late.
datamarnews.comGabriel MalheirosDec 2, 2022Not 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.
