China leads supply of fertilizers to Brazil

The dynamics of the global fertilizer market continue to be marked by falling prices and significant changes in the flow of trade to Brazil. According to an analysis by Itaú BBA, the combination of weakened international demand and adjustments in supply has been influencing both the quotations and the origin of the products imported by the country. Prices remain pressured by low demand from buyers, and the additional potential for reduction already seems incorporated into current values. Despite the still weak scenario in the international market, there is an expectation of some recovery in the coming months, with the seasonal resumption of purchases by countries in the Northern Hemisphere. In Brazil, fertilizer imports maintain a higher volume than last year but show a loss of pace throughout 2025. Between January and November, 38.8 million tons were imported, a 2.1% increase compared to the same period in 2024. In November, however, the imported volume was 18% lower on an annual ...