
Moroccan fertiliser exports to Brazil reached 2.19 million tonnes in the first nine months of 2026, up 12.3% year on year and already above total 2025 shipments. Morocco now holds about 7.7% of Brazil's fertiliser imports, which totalled 45.49 million tonnes in 2025.
Growing Moroccan phosphate supply to Brazil adds competition for phosphate fertiliser sourcing and modestly eases Brazilian supply pressure. The impact on prices is limited given the sector's overall tightness.
After 36 past neutral trade events, DAP moved a median +0.7% over 5 sessions (64% higher; middle half -0.0% to +2.1%), and +0.4% over 20.
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.