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Disruption in the Strait of Hormuz strained Brazil’s fertilizer supply chain, exposing the country’s dependence on imports; Brazil imported 45.5 million tonnes of its 49.1 million tonnes of fertilizer consumption in 2025. Brazilian delivered urea prices rose 35% in two weeks, while delayed shipments, higher costs and tighter credit pressured the movement of fertilizer from ports to farms.
Brazil expanded financing access and prioritised fertilizer unloading at ports to ease the disruption.
Hormuz disruption threatened fertilizer shipments and raised replacement costs in an import-dependent market, tightening Brazilian availability and lifting fertilizer prices, especially urea. Financing and port-unloading measures helped mitigate, but did not eliminate, the supply shock.
tradefinanceglobal.comTania AhmedNov 6, 2026After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
