Argus, the global energy and commodity price-reporting agency, has launched a weekly report and online service in Brazil called Argus FMB Fertilizer Brazil. The objective of the report is to provide transparency for decision makers and businessmen in the country. Argus Media’ CEO, Adrian Binks, commented that the company was “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.”
Brazil, being the world’s fourth-largest fertilizer market, is a major player in the international fertilizer market. There was therefore an urgent need for a thorough industry report service and Argus FMB Fertilizer Brazil is filling this void. It will help companies in the industry to make more-informed decisions. The report will cover the country’s four main trading regions in great detail. It will include 47 price assessments, news on business opportunities, information on logistics, freight, port costs and the country’s barter system, market commentary and charts showing trends on imports and prices.
The Brazilian import program has been recently negatively influenced by the domestic economic stagnation and the weakening of the real against the US dollar. This has led to many questions whether the Brazilian currency will be strong enough to support prices in the near future. The first three quarters of this year saw lower imports, down by 10 percent compared to the same period in 2014. As a result, suppliers of nitrogen, phosphate and potash products have been forced to make more and more competitive offers, which naturally made reliable and timely industry and price information absolutely essential.
Argues opened its office in Rio de Janeiro three years ago and at the same time also launched Portuguese and Spanish language websites. The company publishes a number of fertilizer reports covering more than 100 price assessments across international markets in phosphates, nitrogen, ammonia, potash, sulphur and sulphuric acid.