- Market Analysis
Brazil NPK Statistical Update
Brazilian plant nutrient shipments as reported by ANDA continued to surprise on the upside in November, setting a new record for the month by a wide margin. In fact, shipments of 3.2 million tonnes were up more than 400,000 from the prior November high as the supply chain geared up for second season corn planting. With a month left to go in the year, total fertilizer shipments are up 11% from 2015 and are poised to smash the annual demand record set in 2014.