Brazil urea market continues to stay firm, supported by steady demand ahead of the safrinha crop season in the first quarter of 2026. Granular urea prices stood at $415–435/t CFR, with one confirmed deal for 5,000 tonnes at the upper range.
Russian-origin urea maintained a presence at around $420/t CFR, despite logistics delays and port congestion in Santos and Paranaguá. Traders report that monthly imports could reach 700,000 tonnes as buyers look to secure supply before domestic application demand peaks.
On the supply side, Baltic and Middle Eastern producers remain key exporters to Brazil. The Baltic region recorded prices between $375–384/t FOB, while Middle East offers stayed in the $385–395/t FOB range.
Market sentiment is cautiously optimistic. While freight rates are rising, Brazilian buyers continue to absorb higher costs due to limited domestic production and seasonal fertilizer needs.
🌾 Outlook for Brazil urea market
Industry players expect Brazil’s fertilizer imports to remain strong through November, with potential upward price pressure if India’s RCF tender draws cargo away from Latin America.
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