# Urea: Exporters set to circle Brazilian markets amid plant shutdowns

> Petrobras is set to permanently shut two of its three operating urea plants in Brazil, removing roughly 0.9 million tonnes per year of capacity. The company also will not proceed with a fourth plant under construction as it seeks to divest its fertilizer assets.

- Date: 2018-03-26 · published 2018-03-26T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/66296-urea-exporters-set-to-circle-brazilian-markets-amid-plant-shutdowns
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Brazil already imports over 80% of its urea, so losing about 1 million tonnes of domestic output will push more import demand onto exporters and likely support urea prices from late 2018.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-06-18 | [Indonesian prices shoot up while the urea market weighs up prospect of Chinese export tax](https://feedsoft.ai/events/46502-indonesian-prices-shoot-up-while-the-urea-market-weighs-up-prospect-of-chinese.md) | -0.3% | -0.6% |
| UREA | 2024-10-03 | [Urea market squeeze due to several factors - Brownfield Ag News](https://feedsoft.ai/events/28188-urea-market-squeeze-due-to-several-factors-brownfield-ag-news.md) | +1.4% | +0.2% |
| UREA | 2025-06-30 | [India Tender Supports Volatile Urea Market \| CZ app](https://feedsoft.ai/events/24144-india-tender-supports-volatile-urea-market-cz-app.md) | +7.9% | +11.8% |
| UREA | 2020-11-11 | [Brazil’s 2020 urea imports set to surpass 2019 by over 1m. tonnes](https://feedsoft.ai/events/50468-brazil-s-2020-urea-imports-set-to-surpass-2019-by-over-1m-tonnes.md) | +2.0% | +10.0% |
| UREA | 2025-08-20 | [Urea export backlog sets stage for Sep price rally amid quota deadline   \| Mysteel](https://feedsoft.ai/events/23640-urea-export-backlog-sets-stage-for-sep-price-rally-amid-quota-deadline-mysteel.md) | -0.8% | -8.5% |

## Sources

- profercy.com: https://www.profercy.com/insights/exporters-set-to-circle-brazilian-urea-market-amid-plant-shutdowns

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