Rising agricultural production costs in Brazil continue to pressure farmer margins, primarily driven by fertilizers. Rabobank forecasts imports will hit a record 45 million tons in 2025, surpassing 2024 levels due to strong domestic demand. From January to September, the country imported 33.6 million tons, with full-year deliveries to consumers projected to grow by 10% to 46.6 million tons. The price of phosphorus (MAP) has increased amid a tighter global supply and reduced exports from China, raising the average fertilization cost by 7.4% per hectare and as much as 10.7% for sugarcane.
Source: AgroLink (*Translated by Ia Niani)
