Brazil LATIN AMERICA

摘要

The movements of grains to main ports, particularly Para- nagua, have commenced and it is expected to increase in earnest in April. There will be an incentive to book fertiliz- ers to take advantage of better freights, as trucks return to distribution points inland. Importers are however cautious, as domestic prices continue to fall for nitrogen, phosphate and potash products. The Brazilian currency actually gained a bit of ground this week. The Central Bank rate today at 1pm was at Real 3.1857 vs Real 3.2849 to the US dollar last week.