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6 clusters · 18 sources · 38 days · First seen · Last updated

Categories: BUSINESS

Brazil fertilizer market amid Middle East tensions

Entities: Brazil · Urea · Coffee · Egypt · Yara International

Overview

Mid‑June 2026, a brief buying window opened after the Hormuz cease‑fire, with urea prices falling and importers rebuilding stocks. By early July, fertilizer imports rose 9 % in value despite a 6 % volume dip, while domestic production fell and higher sulfur prices squeezed margins. The first half of the year recorded an 8.6 % drop in total fertilizer imports year‑on‑year, with sharp falls in urea, MAP and ammonium nitrate volumes.

The closure of the Strait of Hormuz in mid‑July intensified the squeeze. By 14 July, Brazil’s phosphate‑fertiliser imports were down 24 % YoY, sulfur imports fell 42 % and sulfur prices surged 127 % above $1,000 /tonne, forcing lower utilisation rates. Global urea prices rose 24 % and Yara warned of tight nitrogen supplies.

In late July, international urea prices jumped more than 18 % in a month, reaching $421.50 /tonne on 17 July, as Brazilian buyers stocked up for the 2026/27 crop amid renewed U.S.–Iran tensions and reduced Hormuz traffic. Phosphate prices also climbed due to China’s export suspension and Russia’s nitrogen limits, while tightening credit conditions threatened producer profitability.

By 25 July, Brazil’s CFR urea price had risen to $455‑$468 /tonne, $60‑$68 above late‑June levels, reflecting continued supply disruptions, higher European gas costs and U.S. sanctions on Iran. Yara reported a 39 % YoY drop in urea deliveries in Q2, raising replacement costs for buyers. The same Middle‑East turbulence pushed coffee prices up 14.75 % to 319.20 cents per pound, underscoring broader commodity impacts.

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Middle East tensions lift global urea and coffee prices

    Urea and coffee prices surged as Middle East tensions disrupted supply chains, raising costs for Egyptian fertilizer, Brazilian urea imports, and global coffee trade.

  2. 10 days ago

    [BUSINESS] 2 sources
    Brazil's fertilizer prices surge as geopolitics drive urea and phosphates up

    Fertilizer prices in Brazil jump as urea rises 18% to $421.5/ton and phosphate costs climb, spurred by Middle‑East tensions, US‑Iran strain, Chinese export limits and Russian restrictions.

  3. 15 days ago

    [BUSINESS] 5 sources
    Middle East tensions disrupt global fertilizer supply and threaten Brazil's agricultural inputs

    Closure of the Strait of Hormuz has cut fertilizer shipments, raising global costs; Brazil’s phosphate imports fell 24% and sulfur prices surged 127%, prompting production cuts.

  4. 21 days ago

    [BUSINESS] 2 sources
    Turkmenistan Boosts Potash Fertilizer Shipments to Brazil Amid Middle East Tensions

    Brazil raised potash imports from Turkmenistan to 1.3 Mt in H1 2026, lifting total fertilizer intake to 18.3 Mt at a cost of $7 bn, as Middle‑East tensions drive diversification.

  5. 21 days ago

    [BUSINESS] 5 sources
    Brazil fertilizer imports fall sharply, tightening supply window for 2026/27 crop season

    Brazil's fertilizer imports fell 8.6% in early 2026, with major drops in urea, MAP and sulfur, tightening the supply window for the 2026/27 crop season; corn safrinha harvest is also lagging, projecting lower ‑

  6. about 1 month ago

    [BUSINESS] 3 sources
    Brazil sees fertilizer price drop as Middle East tension eases

    Urea prices have dropped over 40% as Middle East tensions ease, giving Brazil’s agribusiness a chance to restock fertilizer at lower costs while producers stay cautious.

Sources

afnews.com.br · bahianoticias.com.br · bichosdecampo.com · blogdamorango.blogosfera.uol.com.br · brasilemfolhas.com · comprerural.com · confidencialhn.com · consciencia.net · globorural.globo.com · jornaldiadia.com.br · jornalparana.com.br · leiagora.com.br · ndmais.com.br · oempallador.com.br · paginadoestado.com.br · portalterradaluz.com.br · redacaomt.com.br · viagemegastronomia.com.br