Brazil Has So Much Fertilizer That Cargo Is Being Rerouted
- Record imports, easing demand drive down fertilizer prices
- One fertilizer-laden vessel was re-routed to the US last month
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Fertilizer firms are starting to see farmers in one of the world’s biggest food suppliers pushing back on high prices for crop nutrients.
Brazil has so much fertilizer that shipments are getting turned away. Case in point: Swiss-based fertilizer producer Ameropa AG diverted a shipment of 17,416 metric tons of monoammonium phosphate -- commonly known as MAP -- to the US last month due to Brazil’s full silos and dwindling demand for chemicals from farms.