# Rabobank Sees Brazil Fertilizer Demand Rebounding Next Year

> Rabobank forecasts Brazilian fertilizer deliveries will increase 5% to 46.6 million metric tons in 2027, after an estimated 9.6% decline in 2026. The projected recovery depends on stabilizing farm margins, though high debt, borrowing costs and production expenses remain constraints.

- Date: 2026-11-05 · published 2026-11-06T00:13:33.986Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/82791-rabobank-sees-brazil-fertilizer-demand-rebounding-next-year
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A rebound in fertilizer demand could lend support to fertilizer prices, but the forecast remains below the 2025 record and depends on farmers’ finances improving. Persistent debt and high interest costs could limit the recovery.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- UREA: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-09-27 | [Global fertilizer demand begins its recovery after a rocky two years \| GPCA](https://feedsoft.ai/events/28225-global-fertilizer-demand-begins-its-recovery-after-a-rocky-two-years-gpca.md) | +5.8% | +4.8% |
| UREA | 2021-09-29 | [Series of black swans send fertilizer prices soaring - Brownfield Ag News](https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news.md) | +31.3% | +34.0% |
| UREA | 2022-01-10 | [Why the cost of fertilizer is rising](https://feedsoft.ai/events/43075-why-the-cost-of-fertilizer-is-rising.md) | -8.8% | -17.6% |
| UREA | 2020-04-01 | [Fertiliser prices rise on stronger demand and weaker currency - Farmers Weekly](https://feedsoft.ai/events/53568-fertiliser-prices-rise-on-stronger-demand-and-weaker-currency-farmers-weekly.md) | 0.0% | -1.7% |
| UREA | 2022-10-26 | [Tightening nitrogen fertilizer supplies raise alarm \| The Western Producer](https://feedsoft.ai/events/10125-tightening-nitrogen-fertilizer-supplies-raise-alarm-the-western-producer.md) | -11.7% | -11.8% |
| DAP | 2024-09-27 | [Global fertilizer demand begins its recovery after a rocky two years \| GPCA](https://feedsoft.ai/events/28225-global-fertilizer-demand-begins-its-recovery-after-a-rocky-two-years-gpca.md) | -0.2% | +1.1% |
| DAP | 2021-09-29 | [Series of black swans send fertilizer prices soaring - Brownfield Ag News](https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news.md) | +5.2% | +5.7% |
| DAP | 2022-01-10 | [Why the cost of fertilizer is rising](https://feedsoft.ai/events/43075-why-the-cost-of-fertilizer-is-rising.md) | -1.4% | +0.3% |

## Sources

- theagribiz.com: https://www.theagribiz.com/international/rabobank-sees-brazil-fertilizer-demand-rebounding-next-year/

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