Brazil: Prices up but Q1 imports down 19.4% year on year

摘要

Importers have raised bids for additional quantities of granular urea into the low $280s/mt CFR, but offers are no lower than $285/mt CFR following the surge in granular values in the Middle East. Buyers are yet to bite at proposals above the $280/mt CFR marker, according to local reports, but one sale is suggested off an inbound carrier at $283/mt CFR.