Imports grow and fertilizer prices fall in November

According to the CNA report, the average prices of major fertilizers fell in November: urea was priced at R$ 3,445/tonne (a 2% drop for the month), MAP at R$ 4,899/t (a 1% decrease), and KCl at R$ 2,880/t. The downward trend is sustained by the lower demand from major importers such as India, the USA, and Brazil, in addition to the release of new export quotas by China. In the nitrogen segment, the market showed a reaction with India's purchase announcement, which limited the pace of urea's decline. Nevertheless, the use of alternatives like ammonium sulfate (SAM) has been growing among Brazilian producers. As for phosphates, such as MAP, they continue to have little attractiveness in negotiations, while potash prices are more stable. The drop in fertilizer prices brought some relief, but the exchange ratio (ER) still limits purchase decisions for part of the crops. In the case of cotton, for example, 40.9 arrobas are needed to acquire one tonne of MAP — a scenario classified as ...