Skip to content

Fertilizers Piling Up at Brazil Ports Signal Further Price Drop

  • Stocks at Paranagua and Santos are full after record imports
  • Delayed purchases may create inland transportation bottlenecks

A glut of fertilizers at the biggest Brazilian ports signals that the price of the nutrients may have to drop further before farmers start buying.

In Paranagua, private warehouses reached their maximum storage capacity of 3.5 million tons, according to Luiz Teixeira da Silva, Paranagua’s operations director. A terminal operated by VLI Logistics, one of the two at Santos port that store fertilizers, is also full, according to people with knowledge of the matter who asked not to be named as the information isn’t public.