# Dollar at R$ 5.41 pushes producers out of the fertilizer market

> After the October 25 Brazilian runoff, the dollar jumped from about R$ 5.00 to near R$ 5.50, peaking at R$ 5.60, and Brazilian farmers stepped back from buying fertilizer. Granular urea eased to US$ 470-486 CFR Brazil, MAP stayed stuck around US$ 830-850, and potash held at US$ 360-372 while European gas hit €100/MWh.

- Date: 2026-11-02 · published 2026-11-03T09:12:31.195Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/77431-dollar-at-r-5-41-pushes-producers-out-of-the-fertilizer-market
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [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

A weaker real and high European gas costs keep fertilizer buying thin in Brazil, and tighter nutrient supply from the Gulf and Morocco plus upcoming Indian tenders could lift prices, raising feed input costs.

## Read by commodity

- DAP: neutral
- UREA: neutral
- POTASH: neutral
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-11-08 | [Emerging market currencies to claw back ground in 2024 as dollar fades: Reuters poll](https://feedsoft.ai/events/33378-emerging-market-currencies-to-claw-back-ground-in-2024-as-dollar-fades-reuters.md) | -0.2% | +0.7% |
| USDBRL | 2023-07-14 | [Latam FX Talking: The beneficiary of emerging market portfolio flows \| articles \| ING THINK](https://feedsoft.ai/events/35242-latam-fx-talking-the-beneficiary-of-emerging-market-portfolio-flows-articles.md) | -0.1% | +0.7% |
| USDBRL | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -1.9% | -3.7% |
| USDBRL | 2017-11-06 | [U.S. Dollar Slides Against Emerging Markets on Low Yields - WSJ](https://feedsoft.ai/events/68183-u-s-dollar-slides-against-emerging-markets-on-low-yields-wsj.md) | -0.4% | -2.2% |
| USDBRL | 2026-10-07 | [Dollar drops below 5 reais as Brazil's right-wing surge reshuffles markets \| 24EcoNews](https://feedsoft.ai/events/4936-dollar-drops-below-5-reais-as-brazil-s-right-wing-surge-reshuffles-markets.md) | +1.3% | — |
| UREA | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +12.8% | +20.8% |
| UREA | 2023-11-01 | [Weak Canadian Dollar Good for Ag Exports but Bad for Ag Inputs - Genesis Fertilizers](https://feedsoft.ai/events/33478-weak-canadian-dollar-good-for-ag-exports-but-bad-for-ag-inputs-genesis.md) | -2.8% | -5.6% |
| UREA | 2022-12-08 | [Fertiliser Market Update  — Bartholomews](https://feedsoft.ai/events/38531-fertiliser-market-update-bartholomews.md) | -3.6% | -11.4% |

## Sources

- nobeltrading-insights.beehiiv.com: https://nobeltrading-insights.beehiiv.com/p/do-lar-a-r-5-41-tira-o-produtor-do-mercado-de-fertilizantes

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