Brazil: Little change as buyers continue to take as needed

摘要

The market remains unchanged in terms of demand but prices have continued to weaken over the past couple of weeks. Brazilian buyers are yet to really show their hand and return to the market in earnest for the main import season. There appears to be no rush and at least two major suppliers are prepared for further delays to the start of the import campaign. Price indications for MAP remain weak although there are signs that maybe a floor has, at least temporarily, been reached.