# Oblivious to price drops, Brazil's 2023 fertilizer purchases remain timid - DatamarNews

> 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.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/38546-oblivious-to-price-drops-brazil-s-2023-fertilizer-purchases-remain-timid
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Sources

- datamarnews.com: https://datamarnews.com/noticias/oblivious-to-price-drops-brazils-2023-fertilizer-purchases-remain-timid/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.