Argus launches Brazilian fertilizer information service
Brazil is a key player in the global fertilizer market, and Argus FMB Fertilizer Brazil will help companies in this sector to understand its intricacies. The service offers detailed coverage of the country’s four main trading regions, with 47 key price assessments, market commentary, information on local logistics such as freight and port costs, details on the Brazilian barter system, news on business opportunities and crop prices, and charts showing trends on imports and prices.
An economic downturn and the depreciation of the real against the US dollar have led to a downturn in the Brazilian import programme, leading to questions over whether it will be robust enough to support prices in the coming weeks. January-August imports were down by 10pc compared with a year earlier, and full-year imports could fall by as much as a fifth compared with 2014. Suppliers of nitrogen, phosphate and potash products have had to make increasingly competitive offers, making reliable and timely local price information all the more important.
Argus Media executive chairman and publisher Adrian Binks said: “Argus is pleased to be adding to transparency of the important Brazilian fertilizer market. Argus FMB Fertilizer Brazil will help companies understand pricing and opportunities in this key regional market.”
Argus opened its office in Rio de Janeiro in 2012, and launched Portuguese and Spanish language websites in the same year. Argus publishes a variety of fertilizer reports with over 100 price assessments covering international phosphates, nitrogen, ammonia, potash, sulphur and sulphuric acid markets. Some of these are used as reference prices in contracts.