Brazil CENTRAL AND LATIN AMERICA

摘要

The low level of import enquiries continues to disappoint traditional suppliers, which continue to offer Russian and Moroccan MAP at $485-490/t cfr, basis one port discharge at Paranagua. Inland warehouse inventories continue to dwindle and some are now reaching near depletion follow- ing the safrinha corn application, which is largely concluded. Nevertheless, growers are reluctant to return to the market to replenish stocks in the hope of better price concessions going forward, as the real continues to depreciate against the US dollar.